Markets sustain rally to close sharply higher


The markets sustained its rally to close sharply higher with the Dow rocketing 410 points to 24,601. Nasdaq leaped 107 points to 6981.

On the upside

Amber Road (NYSE: AMBR) rejected an unsolicited acquisition offer from E2open and Insight Venture Partners.

Ceragon Networks (Nasdaq: CRNT) reported higher revenue for the fourth quarter.

Enphase Energy (Nasdaq: ENPH) entered a strategic partnership with Panasonic to jointly develop high efficiency AC Modules.


On the downside 

Shares of HRG Group (NYSE: HRG) fell for the fourth day.

Investors locked in profits on (Nasdaq: OSTK).

The Food and Drug Administration posted briefing materials for the Anesthetic and Analgesic Drug Products Advisory Committee meeting to review Pacira Pharmaceuticals' (Nasdaq: PCRX) New Drug Application to expand the current label for Exparel.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 surged 36 points to 2,656. Bitcoin jumped $512 to $8,819.

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This page contains a single entry by published on February 12, 2018 1:31 PM.

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