The markets advanced to close sharply higher with the Dow leaping 113 points to 22,775 as the nation's trade deficit narrowed. Nasdaq soared 50 points to 6,585.
On the upside
Shares of Rhythm Pharmaceuticals (Nasdaq: RYTM) leaped on its first trading day.
MannKind (Nasdaq: MNKD) stock surged for the third day in a row.
CareDx (Nasdaq: CDNA) priced its public offering of approximately 4.3 million common shares at the discounted price of $4.00 per share.
On the downside
NeoPhotonics (NYSE: NPTN) announced a restructuring plan and reported preliminary third quarter results that fell short of previous guidance.
Philips Healthcare notified Digirad (Nasdaq: DRAD) that their consolidated agreement would end on December 31, 2017.
ImmunoGen (Nasdaq: IMGN) announced a public offering of 13 million shares of common stock.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 14 points to 2,552. Bitcoin leaped $134 to $4,348.
