Markets soar on strong jobs growth

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Strong jobs growth sent the markets soaring to a sharply higher close with the Dow rocketing 440 points to 25,335. Nasdaq leaped 132 points to 7560.


On the upside


Coherus Biosciences (Nasdaq: CHRS) narrowed losses for the fourth quarter.


Spark Energy (Nasdaq: SPKE) reported sharply higher fourth quarter earnings and declared a quarterly cash dividend.


PDL BioPharma (Nasdaq: PDLI) reversed year ago losses to post a profit for the fourth quarter.

 

On the downside 


Big Lots (NYSE: BIG) reported higher fourth quarter earnings but same store sales slipped.


Yext (NYSE: YEXT) reported a loss for the fourth quarter.


Calithera Biosciences (Nasdaq: CALA) reported a wider than expected loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 surged 47 points to 2,786. Bitcoin tumbled $177 to $9,092.


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