Markets rally to close sharply higher

The markets rallied to close sharply higher with the Dow rocketing 313 points to 15,925 as crude oil prices rebounded. Nasdaq leaped 70 points to 4,337.


On the upside


Shares of Teck Resources (NYSE: TCK) rose after reporting a smaller than expected loss yesterday.


Reuters reported that Intercept Pharmaceuticals (Nasdaq: ICPT) was exploring a possible sale of the company.


Fourth quarter earnings surged for Mercer International (Nasdaq: MERC) to beat analyst expectations.


On the downside


Amkor Technology (Nasdaq: AMKR) fell to a loss for the fourth quarter as revenue dropped.


Knowles (NYSE: KN) widened losses for the fourth quarter.


Bankruptcy concerns continued to weigh down shares of Chesapeake Energy (NYSE: CHK).


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 35 points to 1,864. Bitcoin edged up to $385.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.