Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 117 points to 24,329. Nasdaq gained 27 points to 6,840.

On the upside

SIgma Designs (Nasdaq: SIGM) will be acquired by Silicon Labs (Nasdaq: SLAB) for a premium of approximately $282 million in cash.

Bargain hunters lifted shares of Qudian (NYSE: QD).

Raduis Health (Nasdaq: RDUS) provided promising updated data from a Phase 1 005 clinical study of elacestrant to treat breast cancer.

On the downside

The Fujian High Court ruled that Veeco Instruments Shanghai (Nasdaq: VECO) must halt the import, sale and manufacture of Veeco EPIK 700 model NOCVD systems.

Second quarter earnings plunged for American Outdoor Brands (Nasdaq: AOBC) prompting the gun maker to cut its full year forecast.

Profit taking weighed down shares of Marinus Pharmaceuticals (Nasdaq: MRNS).

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 climbed 14 points to 2,651. Bitcoin gained $62 to $15,700.