The markets closed higher with the Dow soaring 92 points to 18,209 on indications from Federal Reserve chair Janet Yellen that interest rates would not be raised in the near term. Nasdaq rose 7 points to 4,968.
On the upside
Cott (NYSE: COT) swung to a greater than expected profit for the fourth quarter as revenue rose.
JPMorgan (NYSE: JPM) will close approximately 300 branches in order to save money and begin charging large institutional clients for some deposits.
SunEdison (NYSE: SUNE) expects installations to more than double in 2015.
On the downside
CymaBay Therapeutics (Nasdaq: CBAY) reported positive results from a Phase 2b clinical study of its gout treatment arhalofenate but the stock price fell.
Windstream (Nasdaq: WIN) fell to a loss for the fourth quarter.
Curis (Nasdaq: CRIS) announced a public offering of common stock.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2115. Bitcoin held steady at $236.
Higher close as rates remain low
February 24, 2015 at 19:50 PM EST