Markets soar ahead of Fed rate decision

The markets soared to close sharply higher with the Dow surging 114 points to 19,911 even as the Federal Reserve is expected to raise interest rates tomorrow. Nasdaq climbed 51 points to 5,463.


On the upside


Achaogen (Nasdaq: AKAO) will offer up to 5.75 million common shares through a public offering.


Cemtrex (Nasdaq: CETX) expects self driving technology and connected intelligent cars to generate new opportunities for the company.


Organovo Holdings (Nasdaq: ONVO) reported promising preclinical data for its 3D bioprinting technology to bioprint human liver tissue.


On the downside


Profit taking weighed down shares of Apricus Biosciences (Nasdaq: APRI).


Scorpio Bulkers (NYSE: SALT) entered a time charter-out agreement for one Kamsarmax vessel.


Investors locked in profits on SeaDrill (NYSE: SDRL).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index climbed 14 points to 2,271. Bitcoin added $1 to $773.


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