Nasdaq Hits Record High as Stocks Surge on Earnings, M&A Talks
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The Nasdaq composite closed at a record high, breaking a 27-month record. The Dow and S&P 500 also hit record closing highs.
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Spirit AeroSystems stock soared 15% on news that Boeing is in talks to acquire the company.
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NetApp surged 18% after fiscal Q3 earnings and sales topped views. The stock broke out and hit a 52-week high.
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Fidelis Insurance gained after smashing Q4 estimates in its first earnings report since IPOing last June. The stock broke out.
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New York Community Bancorp sank further, extending losses after reporting a Q4 loss and material weaknesses in internal controls.