Federal Reserve Board Governor Lael Brainard cautioned against raising interest rates too quickly. The markets soared in afternoon trading with the Dow surging 239 points to 18,325. Nasdaq leaped 85 points to 5,211.
On the upside
Tene Investment Funds paid $43.5 million for 1 million shares of Caesarstone (Nasdaq: CSTE).
Alamos Gold (NYSE: AGI) reported a significant interim increase in mineral resources at its La Yaqui project.
Bargain hunters lifted shares of IAMGOLD (NYSE: IAG).
On the downside
VimpelCom (Nasdaq: VIP) 33% shareholder Telenor began selling its 142.5 million American depository shares of the telecom through a public offering.
Shares of Wells Fargo (NYSE: WFC) fell again.
Investors locked in profits on Auris Medical Holding (Nasdaq: EARS).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 soared 31 points to 2,159. Bitcoin rose $4 to $607.
