GSK - Hot Stocks: DELL jumps on earnings; IOVA SWTX plunge on clinical data; UTHR sets high

The major U.S. equity averages scored another day of notable gains, continuing a rebound that started midway through the week. The Nasdaq led the charge with a 3% advance, as the S&P 500 broke its seven-week-long weekly losing streak. Tech stocks were among the drivers of Friday's rally, including a surge in Dell (NYSE:DELL). The stock posted a double-digit percentage gain on strong quarterly results. Meanwhile, United Therapeutics (UTHR) extended its recent gains to set a new 52-week high. Looking at some of the standout decliners on the session, Iovance (IOVA) lost more than half its value after the company released data from a melanoma study. SpringWorks (SWTX) also came under pressure following the release of clinical data, plunging to a 52-week low. Standout Gainer The release of quarterly results spurred buying in Dell (DELL). Shares of the PC and tech services firm soared almost 13% after the firm posted

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Hot Stocks: DELL jumps on earnings; IOVA, SWTX plunge on clinical data; UTHR sets high