The markets closed sharply higher with the Dow surging 108 points to 16,331 as interest rate concerns eased. Nasdaq rose 11 points to 4319.
On the upside
Sinovac Biotech (Nasdaq: SVA) reversed year ago losses to post a profit for the fourth quarter as sales climbed.
Mizuho initiated coverage of ZIOPHARM Oncology (Nasdaq: ZIOP) with a Buy rating.
Burlington Stores (NYSE: BURL) reported lower fourth quarter earnings but the results were better than expected.
On the downside
The New York Post reported that Genco Shipping & Trading (NYSE: GNK) would soon be filing for Chapter 11 bankruptcy protection.
The ExOne (Nasdaq: XONE) fell to an unexpected loss for the fourth quarter.
Shares of Ballard Power Systems (Nasdaq: BLDP) and FuelCell Energy (Nasdaq: FCEL) tumbled after Forbes said that the next stock bubble would be in the fuel cell sector.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 climbed 11 points to 1872. Bitcoin lost $16.80 or 2.76% to $591.15.
