The Federal Reserve maintained interest rates at historic lows and lowered its GDP forecast for 2015 sending the markets to a modestly higher close with the Dow gaining 31 points to 17,935. Nasdaq rose 9 points to 5,064.
On the upside
TripAdvisor (Nasdaq: TRIP) expanded its partnership with Marriott International (Nasdaq: MAR) to the global market.
Shares of Chinese companies E-Commerce China DangDang (Nasdaq: DANG), Jumei International (NYSE: JMEI) and SouFun Holdings (NYSE: SFU) all rose on Qihoo’s (NYSE: QIHU) buyout offer.
TheStreet said yesterday that Applied Micro (Nasdaq: AMCC) could be acquired for a billion dollars.
On the downside
Retreating crude oil prices weighed down shares of EXCO Resources (NYSE: XCO).
Azure Midstream Partners (NYSE: AZUR) priced its public offering of 3.5 million common units at the discounted price of $14.17 per common unit.
Revenue from Newpark Resources’ (NYSE: NR) Fluids Systems slipped.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 rose 4 points to 2100. Bitcoin added $2 to $248.
