"We are back to a point where we crossed over the Rubicon of weather-related bad news, and now what we need - and this may or may not manifest itself in Friday's nonfarm payrolls - but what we really need to see is good news," said Art Hogan, chief market strategist at Wunderlich Securities in New York. "We are in positive economic data territory but to continue to make new highs, we are going to have to see improvement, not just good, but great and that is why we are holding tight here." Shares of MannKind Corp soared 77.9 percent to $7.15.
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