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Markets surge as Asian stocks recover

The markets closed sharply higher with the Dow rocketing 235 points to 16,284 as Asian markets recovered. Nasdaq leaped 102 points to 4,620.

On the upside

Opexa Therapeutics (Nasdaq: OPXA) completed its 1-for-8 reverse stock split after market close on Monday September 28.

Institutional Shareholder Services recommended that DepoMed (Nasdaq: DEPO) hold a special shareholder meeting to consider Horizon Pharma’s (Nasdaq: HZNP) acquisition offer.

Bargain hunters lifted shares of Esperion Therapeutics (Nasdaq: ESPR).

On the downside

Investors locked in profits on Ceres (Nasdaq: CERE).

Caesars Entertainment (Nasdaq: CZR) chief executive Mark Frissora said that games need to change in order to attract younger gamblers.

Profit taking continued to sink shares of Basic Energy Services (NYSE: BAS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 35 points to 1,920. Bitcoin slipped to $235.

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