Fed downgrades economic outlook, markets soar

While the Federal Reserve opened the door to a possible increase in interest rates, the Fed also downgraded its economic outlook for the nation sending the markets soaring to a sharply higher close with the Dow rocketing 227 points to 18,076. Nasdaq climbed 45 points to 4,982.

On the upside

Ascent Solar Technologies (Nasdaq: ASTI) expects revenue to more than double in 2015.

Third quarter earnings slipped for Oracle (NYSE: ORCL) but its cloud revenue rose.

TheStreet does not expect Petrobras (Nasdaq: PBR) to declare bankruptcy despite a corruption scandal.

On the downside

MasTec (NYSE: MTZ) delayed filing its annual report due to an ongoing independent internal investigation.

E-House (NYSE: EJ) disappointed with lower fourth quarter earnings.

Anthera Pharmaceuticals (Nasdaq: ANTH) priced its public offering of more than 5.5 million common shares at the discounted price of $4.50 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 leaped 25 points to 2099. Bitcoin dropped $21 to $260.
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