Markets sustain rally to close sharply higher

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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 Overstock.com (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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