Markets surge on steady rates

The markets surged to close sharply higher with the Dow soaring 163 points to 18,293 after the Federal Reserve held interest rates steady. Nasdaq leaped 53 points to 5,295.


On the upside


Shares of Trade Desk (Nasdaq: TTD) surged in its market debut.


Bargain hunters lifted shares of Novavax (Nasdaq: NVAX).


Acquisition speculation sent shares of Galectin Therapeutics (Nasdaq: GALT) soaring.


On the downside


Amazon's (Nasdaq: AMZN) launch of its new Amazon Prints photo printing service sent shares of Shutterfly (Nasdaq: SFLY) plummeting.


Pacira Pharmaceuticals (Nasdaq: PCRX) launched EXPAREL to treat pain from a third molar extraction but the stock price tumbled.


Banc of California (NYSE: BANC) chief financial officer James McKinney resigned.


In the broad market, advancing issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 soared 23 points to 2,163. Bitcoin tumbled $11 to $596.

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