Hope for steady interest rates lift markets

Optimism that interest rates would remain steady for the rest of the year boosted the markets during the midday with the Dow climbing 67 points to 16,081. Nasdaq surged 82 points to 4,350.


On the upside


Fourth quarter earnings doubled for Criteo (Nasdaq: CRTO) to beat expectations as revenue soared.


Trimble Navigation (Nasdaq: TRMB) reported better than expected earnings and revenue for the fourth quarter.


A10 Networks (NYSE: ATEN) narrowed fourth quarter losses more than expected on record revenue.


On the downside


Euronet Worldwide (Nasdaq: EEFT) reported fourth quarter earnings and revenue that fell short of expectations.


NGL Energy Partners (NYSE: NGL) cut its full year earnings outlook after missing third quarter expectations.


Fourth quarter earnings for Assurant (NYSE: AIZ) missed estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 surged 19 points to 1,871. Bitcoin gained $4 to $380.

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