NEW YORK ( TheStreet) -- The markets surged Wednesday as signs of deal-making picked up. The Dow Jones Industrial Average added 37.71, or 0.27%, to 11,722.89, while the S&P 500 rose 6.36, or 0.50%, to 1,276.56. The Nasdaq jumped 20.95, or 0.78%, to 2,702.20. Guy Adami said on CNBC's "Fast Money" TV show said he was impressed with today's strong trading action and sees the market heading higher. Tim Seymour said the market is shifting away from easy speculative trades onto firmer footing, as the dollar and commodities move higher. Karen Finerman said deal-making contributed to the market rise, citing Community Health's ( CYC) interest in Tenet Healthcare ( THC) and the pickup in bidding for JCrew ( JCG). She said she sees deals brewing in retail, health care and thrifts. Terranova commented on the smart move by Qualcomm ( QCOM) for Atheros Communications ( ATHR) as a way to get into wifi semiconductivity. Terranova said other tech companies loaded with cash will be hunting for deals, adding the easiest target might be Skyworks Solution ( SWKS). Shifting to the financials, Pete Najarian said the sector is a "raging bull" with the Financial Select Sector SPDR ETF ( XLF) at its highest level since April. He noted unusually strong options activity in Bank of America ( BAC). Finerman said she likes the space, noting Bank of America's recent settlement over bad loans, rising loan activity and the spread between the 2- and 10-year bonds. Adami said his pick in the space in U.S. Bancorp ( USB), while Brian Kelly liked the mortgage REIT play in Annaly Capital ( NLY) and its 14% dividend. Not to be outdone, Tim Seymour said JPMorgan Chase ( JPM) is moving closer to a golden cross, a sure bullish sign. Simon Hobbs, the moderator of the show, said Research In Motion ( RIMM) spiked at the end of the day as the introduction of its new playbook tablet nears. Kelly was high on RIM's ONX, saying it can be used to connect to cars. Adami said it was difficult for him to accept the notion that everyone could win in the tablet space without encountering margin compression problems. Finerman countered that the tablet space is still at a stage where it is still growing rapidly so that everyone wins.