Higher close on strengthening economy

The Federal Reserve cited a strengthening economy for reducing its bond purchasing program. The markets soared in late afternoon trading to close higher with the Dow climbing 98 points to 16,906. Nasdaq gained 25 points to 4,362.

On the upside

Jennings Capital initiated coverage of Ballard Power Systems (Nasdaq: BLDP) with a Buy rating, which also lifted shares of Plug Power (Nasdaq: PLUG).

LiveDeal (Nasdaq: LIVE) reported an impressive 400% increase in new customer acquisitions over the last several months.

Morgan Stanley upgraded Nimble Storage (NYSE: NMBL) from an Equal Weight rating to an Overweight rating.

On the downside

A Seeking Alpha contributor wrote that Neonode (Nasdaq: NEON) was a strong sell.

Shares of Century Communities (NYSE: CCS) dropped on its first trading day.

Foresight Energy (NYSE: FELP) stock fell in its market debut.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 climbed 14 to 1956. Bitcoin eased $0.91 or 0.15% to $603.68.

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