Higher close as March construction spending rises

An increase in March construction spending lifted the markets to a sharply higher close with the Dow surging 117 points to 17,891. Nasdaq climbed 42 points to 4,817.


On the upside


Shares of Keryx Biopharmaceuticals (Nasdaq: KERX) continued to climb.


Uni-Pixel (Nasdaq: UNXL) stock rose ahead of its earnings release later this week.


Halliburton (NYSE: HAL) cancelled its proposed acquisition of Baker Hughes (NYSE: BHI).

On the downside


Shares of Navios Maritime (NYSE: NM) extended its losses.


Haemonetics (NYSE: HAE) widened losses for the fourth quarter.


FBR Capital downgraded Legacy Reserves (Nasdaq: LGCY) from a Market Perform rating to an Underperform rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 soared 16 points to 2,081. Bitcoin fell $6 to $445.

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