Drop In Jobless Claims Lift Markets

Falling jobless claims sent the markets soaring to a sharply higher close with the Dow surging 122 points to 16,479. Nasdaq rose 11 points to 4167.

On the upside

TheStreet listed Coronado Biosciences (Nasdaq: CNDO) as one of five biopharmaceutical stocks under $10 that was poised to rise.

A rally of dry bulk shippers lifted shares of Eagle Bulk Shipping (Nasdaq: EGLE) and Genco Shipping (NYSE: GNK).

Wall Street Cheat Sheet wrote that Idera Pharmaceuticals (Nasdaq: IDRA) would continue soaring in 2014.

On the downside

B. Riley downgraded Glu Mobile (Nasdaq: GLUU) from a Buy rating to a Neutral rating on Tuesday.

A Seeking Alpha contributor wrote that Miller Resources (Nasdaq: MILL) was overvalued and produces very little oil.

Investors locked in profits on Quicksilver Resources (Nasdaq: KWK).

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 8 points to 1842. Bitcoin held steady at $684.90.

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