The markets soared during the midday with the Dow surging 123 points to 15,879 even with expectations that the Federal Reserve would begin tapering its bond buying program this week. Nasdaq gained 25 points to 4026.
On the upside
Endo Health Solutions (Nasdaq: ENDP) will pay approximately $105 million in cash to purchase NuPathe (Nasdaq: PATH).
LightInTheBox (NYSE: LITB) will repurchase up to $20 million worth of American Depositary Shares.
Violin Memory (NYSE: VMEM) fired chief executive Donald Basile and named Howard A. Bain III as interim chief executive.
On the downside
Oppenheimer downgraded Advanced Micro Devices (NYSE: AMD) from a Perform rating to an Underperform rating.
Shares of Pandora Media (NYSE: P) extended its losses.
Ecopetrol (NYSE: EC) announced a capital expenditure budget of $10.595 billion for 2014.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 1785. Bitcoin dropped $99.98 or 11.11% to $800.02.
