Potential trade negotiations boost markets

The possibility of negotiations to avert a potential trade war with China boosted the markets to a sharply higher close with the Dow surging 240 points to 24,505. Nasdaq gained 34 points to 7076.


On the upside


Shares of Intelsat (NYSE: I) advanced for the third day in a row.


Morgan Stanley issued a positive note on ADT (NYSE: ADT).


Jefferies upgraded Weatherford International (NYSE: WFT) from an Underperform rating to a Hold rating.

On the downside


Conatus Pharmaceuticals (Nasdaq: CNAT) reported disappointing results from a Phase 2b POLT-HCV-SVR clinical trial in liver transplant patients with fibrosis or cirrhosis.


Conn's (Nasdaq: CONN) disappointed with lower fourth quarter revenue that fell short of expectations and warned of lower same store sales for the current quarter.


A judge may reject a plea agreement made by Och-Ziff Capital Management (NYSE: OZM) in a bribery case.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 18 points to 2,662. Bitcoin dropped $89 to $6,731.


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