NEW YORK (CNNMoney)
The Dow jumped about 100 points (0.6%), while the S&P 500 and Nasdaq also gained solid ground.
Here's what's happening in the markets:
1. Stock market movers -- Netflix, GoPro, Xerox, BNP Paribas: Netflix (NFLX, Tech30) popped 5% after Goldman Sachs upgraded the company "buy." The investment bank predicts that Netflix will double its subscribers in the next three years as it expands into more international markets.
Xerox (XRX) declined after reports said the company is looking to auction off over 200 patents. Xerox was unable to provide immediate comment on the reports.
GoPro i (GPRO)s continuing its adrenaline rush ever since its IPO. The stock spiked 13% Tuesday, and is now almost double its initial public offering price from last week. It wasn't clear what was driving shares so much higher, but Charlie Anderson, an analyst with Dougherty & Co., noted that the company only sold about 18 million of its 123 million shares outstanding during the offering, and therefore investors who didn't get a piece of the offering before the IPO were forced to buy it once it started trading.
Shares in French bank BNP Paribas (BNPQY) were enjoying a relief rally, rising by about 4% in Paris. It pleaded guilty to U.S. charges of sanctions busting Monday and agreed to pay a record fine of nearly $9 billion. Some investors were bracing for even harsher punishment, and the bank confirmed it has the cash on hand and can still offer its planned dividend.
Twitter (TWTR, Tech30) stock popped about 4% on news that Anthony Noto will become its chief financial officer. He is an alum of Goldman Sachs.
Related: 4 signs the stock market is overheating
2. M&A boom continues: The mergers and acquisitions boom that defined the first half of the year has showed no signs of slowing down. Late Monday, Cooper Companies (COO) announced plans to purchase Sauflon Pharmaceuticals, a maker a distributor of contact lenses and solutions, for $1.2 billion. Shares of Cooper surged Tuesday.
3. International markets looking perky: European markets were all rising in afternoon trading. Most major Asian markets ended in positive territory, after China's official survey of manufacturing activity hit its highest level since December. The Nikkei in Japan was a standout performer, closing with a 1.1% gain.
Prices for oil and gold were rising, though the gains were small.
Related: Fear & Greed Index still extremely greedy
4. Sayonara, first half of 2014: Check out the stock market performance of 74 countries around the globe:
Despite Monday's mixed performance, U.S. stocks have enjoyed a solid first half of 2014. The S&P 500 has logged 22 record highs this year alone, ending the first half up 6%.
First Published: July 1, 2014: 9:55 AM ET
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