Sharply Higher Close On Upbeat Data

A better than expected gain in producer prices sent the markets soaring to a sharply higher close with the Dow surging 108 points to 16,481. Nasdaq climbed 31 points to 4214. 

On the upside 

Shares of Thompson Creek Metals (NYSE: TC) continued climbing.

Globus Medical (NYSE: GMED) expects higher fourth quarter revenue and reported higher preliminary full year revenue above previous guidance.

Datalink (Nasdaq: DTLK) lifted its fourth quarter earnings and revenue forecast.

On the downside

New trading rules in the European Union weighed down shares of IntercontinentalExchange Group (NYSE: ICE). 

Kosmos Energy (NYSE: KOS) revised downward its production forecast for 2014.

CytRx (Nasdaq: CYTR) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 gained 9 points to 1848. Bitcoin rose $19.79 or 2.09% to $944.79.

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