The markets advanced during the midday with the Dow soaring 93 points to 16,693 as the Federal Reserve opened its two-day policy meeting. Nasdaq rose 12 points to 4,873.
On the upside
Matador Resources (NYSE: MTDR) will sell a wholly owned subsidiary with natural gas gathering and processing assets in Loving County, Texas.
MaxLinear (NYSE: MXL) lifted its third quarter revenue guidance.
Xencor (Nasdaq: XNCR) entered a strategic alliance with Amgen (Nasdaq: AMGN) to develop and commercialize therapeutics in cancer immunotherapy and inflammation.
On the downside
Shares of Rambus (Nasdaq: RMBS) extended its losses.
Moody's downgraded Sprint's (NYSE: S) credit rating from B1 to B3.
Mirati Therapeutics (Nasdaq: MRTX) priced its public offering of 2.25 million common shares at the discounted price of $45 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 12 points to 1,990. Bitcoin eased a fraction to $227.
Markets advance as Fed meets
September 16, 2015 at 14:45 PM EDT