Markets Solidify Gains Behind Surging Healthcare Sector

The markets solidified its gains with the Dow rising 97 points to 14,670 while Nasdaq rose 23 points to 3262.

On the upside

Shares of Hertz Global Holdings (Nasdaq: HTZ) rose following a forecast for strong earnings and revenue growth through 2015 due to increasing global demand for car rentals.

Investors snapped up shares of Optimer Pharmaceuticals (Nasdaq: OPTR) after the antibiotic maker revealed that it was weighing a sale of the company.

German drugmaker Merz Pharma Group announced a $380 million bid for dermatology products maker Obagi (Nasdaq: OMPI) that topped an offer made by Valeant Pharmaceuticals (NYSE: VRX).

On the downside

Shares of Uni-Pixel (Nasdaq: UNXL) retreated as investors took profits on the touch screen sensor maker.

iGo (Nasdaq:IGOI) posted a drop in quarterly revenues due to lower sales of its power management products.

Shares of Freeport-McMoRan Copper & Gold (NYSE: FCX) and Allied Nevada Gold Corp (NYSE: ANV) dropped as precious metals prices fell sharply.

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 index added 6 points to 1568.

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