Higher Close On Upbeat Economic Data

Upbeat economic data lifted the markets to a sharply higher close with the Dow surging 114 points to 15,024. Nasdaq climbed 25 points to 3401.

On the upside

Canaccord Genuity upgraded GT Advanced Technologies (Nasdaq: GTAT) from a Hold rating to a Buy rating.

Shares of HD Supply Holdings (Nasdaq: HDS) rose in its market debut.

Cantor Fitzgerald affirmed its $35 price target and Buy rating for Facebook (Nasdaq: FB) saying that the social networking site should soon reap the benefits of selling more expensive mobile ads.

On the downside

Shares of Tremor Video (NYSE: TRMR) dropped on its first trading day.

Shares of BlackBerry (Nasdaq: BBRY) fell ahead of its first quarter earnings report before market open tomorrow.

Dish Network (Nasdaq: DISH) withdrew its $4.40 per share offer to acquire Clearwire (Nasdaq: CLWR).

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 2 on the NYSE by more than 7 to 2 on Nasdaq. The broader S&P 500 index gained 9 points to 1613.

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