Markets rocket higher as unemployment rate drops

The markets rocketed higher during the midday with the Dow leaping 191 points to 16,992 as the nation’s unemployment rate dropped to its lowest level in six years. Nasdaq jumped 49 points to 4,479.

On the upside

Shares of Yodlee (Nasdaq: YDLE) surge in its market debut.

Rockwell Medical (Nasdaq: RMTI) entered an exclusive 10-year agreement with Baxter Healthcare (NYSE: BAX) to commercialize Rockwell’s hemodialysis concentrate products. 

Maxim Group affirmed their Buy rating on Tekmira Pharmaceuticals (Nasdaq: TKMR) and lifted their price target from $23 to $31.

On the downside

TheStreet Ratings downgraded CTC Media (Nasdaq: CTCM) from a Buy rating to a Hold rating.

Falling demand for metallurgical coal weighed down shares of Alpha Natural Resources (NYSE: ANR).

Agnico Eagle Mines (NYSE: AEM) and AngloGold Ashanti (NYSE: AU) fell as gold prices retreated.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 soared 20 points to 1967. Bitcoin fell $10 to $359.

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