Fed holds rates steady, markets close higher

The markets rebounded to close higher with the Dow gaining 74 points to 17,325 after the Federal Reserve held interest rates steady. Nasdaq climbed 35 points to 4,763.

On the upside

Bargain hunters lifted shares of SemGroup (NYSE: SEMG).

Shares of Qiwi (Nasdaq: QIWI) climbed on bargain hunting.

Bellatrix Exploration (NYSE: BXE) reported a smaller than expected loss for the fourth quarter.

On the downside

Investors continued to lock in profits on Zynerba Pharmaceuticals (Nasdaq: ZYNE).

Court-ordered examiner Richard Davis wrote that Caesars Entertainment (Nasdaq: CZR) may have to pay up to $5.1 billion in damages related to deals that precipitated the company’s bankruptcy filing.

Profit taking sank shares of GW Pharmaceuticals (Nasdaq: GWPH).

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 climbed 10 points to 2,026. Bitcoin edged up to $416.

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