July 01, 2013 at 10:42 AM EDT
Manufacturing Activity Rises, Markets Soar

An increase in June manufacturing activity sent the markets soaring to a sharply higher open with the Dow leaping 165 points to 15,075. Nasdaq jumped 47 points to 3450.

On the upside

Onyx Pharmaceuticals (Nasdaq: ONXX) rejected an unsolicited acquisition offer of $120 per share from Amgen (Nasdaq: AMGN).

Wells Fargo initiated coverage of News Corp. (Nasdaq: NWSA) with an Outperform rating.

Pfizer (NYSE: PFE) will expand commercialization plans for its abuse deterrent OXECTA Tablets CII that use Acura Pharmaceuticals' (Nasdaq: ACUR) AVERSION Technology.


On the downside


Investors locked in profits on Halozyme Therapeutics (Nasdaq: HALO).


Insmed (Nasdaq: INSM) reported positive results from a Phase 3 study of its once daily Arikace medication for lung infections in cystic fibrosis patients but the results were statistically similar to Novartis' (NYSE: NVS) already approved drug TOBI.


Evercore Partners analyst Alan Gould initiated coverage of 21st Century Fox (Nasdaq: FOXA) with an Overweight rating but the stock price dropped.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 18 points to 1625.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here