Greek debt deal sealed, markets soar

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The finalization of a Greek debt deal lifted the markets to a sharply higher open with the Dow soaring 164 points to 17,925. Nasdaq surged 52 points to 5,049.

On the upside

Ohr Pharmaceutical (Nasdaq: OHRP) reported positive results from a Phase II clinical trial of its retinal vein occlusion treatment OHR-102.

MPLX (NYSE: MPLX) will acquire MarkWest Energy Partners (NYSE: MWE) in a deal valued at approximately $20 billion including the assumption of debt.
 
Remy International (Nasdaq: REMY) will be acquired by BorgWarner (NYSE: BWA) for a premium of approximately $1.2 billion.
 
On the downside

Ascena Retail Group (Nasdaq: ASNA) cut its full year guidance.

Retreating gold prices weighed down shares of IAMGOLD (NYSE: IAG).

Shares of Orchid Island Capital (NYSE: ORC) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 18 points to 2095. Bitcoin tumbled $23 to $282.

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This page contains a single entry by published on July 13, 2015 6:44 AM.

Greek deal within reach, markets soar was the previous entry in this blog.

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