Sharply higher close as budget deficit falls

The markets closed sharply higher with the Dow soaring 102 points to 16,433 as the nation's budget deficit fell. Nasdaq gained 26 points to 4,822.

On the upside

Mirati Therapeutics (Nasdaq: MRTX) will present data on MGCD516 at the European Society for Medical Oncology 2015 European Cancer Congress.

Aceto (Nasdaq: ACET) reported sharply higher fourth quarter earnings as revenue rose.

Shake Shack (NYSE: SHAK) announced a limited time Carpetbagger burger that will be available on September 19.

On the downside

Second quarter earnings and revenue fell for Cherokee Global Brands (Nasdaq: CHKE).

Shares of Orexigen Therapeutics (Nasdaq: OREX) extended its losses.

Falling crude oil prices weighed down shares of Basic Energy Services (Nasdaq: BAS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 gained 8 points to 1,961. Bitcoin eased a fraction to $238.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.