The withdrawal of Russian troops from the Ukrainian border allayed fears of a potential war. The markets extended its gains during the midday with the Dow rocketing 221 points to 16,389. Nasdaq leaped 75 points to 4353.
On the upside
Fourth quarter earnings quadrupled for Vipshop (NYSE: VIPS) to surpass analyst expectations as revenue surged and the company forecast current quarter revenue ahead of estimates.
Shares of EPAM Systems (NYSE: EPAM) rebounded as tensions eased in Ukraine.
Sutor Technology (Nasdaq: SUTR) will supply Samsung Group with 6,500 metric tons of aluminum-zinc alloy coated steel.
On the downside
The Food and Drug Administration requested additional information for Atossa Genetics' (Nasdaq: ATOS) ForeCYTE Breast Aspirator.
A Seeking Alpha contributor expects Dendreon (NYSE: DNDN) to continue losing money.
Mandalay Digital Group (Nasdaq: MNDL) priced its public offering of common stock at the discounted price of $4.10 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 leaped 26 points to 1872. Bitcoin added $17.88 or 2.71% to $677.44.
