Upbeat Data In China Boosts Markets

Upbeat economic data from China sent the markets soaring to a sharply higher close with the Dow leaping 140 points to 15,063. Nasdaq surged 46 points to 3706.

On the upside

A Seeking Alpha contributor recommended Genco Shipping (NYSE: GNK).

Shares of E-Commerce China Dangdang (NYSE: DANG) rose on China's strong economic report.

Isis Pharmaceuticals (Nasdaq: ISIS) partnered with Biogen Idec (Nasdaq: BIIB) to develop therapies for treating neurological disorders.

On the downside

A Seeking Alpha contributor wrote that Celsion (Nasdaq: CLSN) was misleading investors by selectively reporting Thermodox trial results.

Silver Spring Networks (NYSE: SSNI) will provide its IPv6 networking platform for Sunrise Technologies' BrownBetty OpenGrid Light Control module but the stock price dropped.

A finance professor from NYU suggested that Tesla Motors (Nasdaq: TSLA) stock was only worth $67.12 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by a margin of more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 1671.

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