The nation's economy expanded at a weaker than expected 1.8% in the first quarter which raised hopes that the Federal Reserve would continue its bond buying program. The markets opened higher with the Dow soaring 111 points to 14,871 while Nasdaq gained 21 points to 3369.
On the upside
Real Goods Solar (Nasdaq: RSOL) will deploy a 2.2 megawatt solar farm for St. Albans Solar Partners in Vermont.
Cowen and Co. upgraded Pandora Media (NYSE: P) from a Neutral rating to an Outperform rating.
Synaptics (Nasdaq: SYNA) lifted its revenue guidance for the fourth quarter.
On the downside
Five Below (Nasdaq: FIVE) priced its secondary offering of 6 million common shares at the discounted price of $36 per share.
Third quarter earnings tumbled for Apollo Group (Nasdaq: APOL) as enrollment dropped.
Kandi Technologies (Nasdaq: KNDI) entered an agreement with two institutional investors for a registered direct placement of approximately $26.3 million of common stock at $6.03 per share.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 10 points to 1598.