Bank of Japan cuts rates, markets surge

An interest rate cut by the Bank of Japan sent the markets soaring during the midday with the Dow rocketing 275 points to 16,344. Nasdaq jumped 67 points to 4,574.


On the upside


CONSOL Energy (NYSE: CNX) reported better than expected results for the fourth quarter.


TimkenSteel (NYSE: TMST) reported a smaller than expected loss for the fourth quarter.


A Bloomberg report that Apple (Nasdaq: AAPL) was developing wireless charging technology lifted shares of Energous (Nasdaq: WATT).


On the downside


Tuesday Morning (Nasdaq: TUES) disappointed with lower second quarter earnings that fell short of expectations.


Electronic Arts (Nasdaq: EA) fell to a loss for the third quarter and forecast fourth quarter and full year results below estimates.


Investors locked in profits on Amedica (Nasdaq: AMDA).


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 leaped 30 points to 1,924. Bitcoin eased $1 to $379.

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