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Industrial output soars, markets close higher

Industrial output surged 1.1% last month while factory output climbed 1.2%. The markets closed higher with the Dow climbing 72 points to 24,946. Nasdaq held steady at 7481.


On the upside


Shares of Zscaler (Nasdaq: ZS) more than doubled on its first trading day.


Teligent (Nasdaq: TLGT) reported better than expected revenue for the fourth quarter.


Amyris (Nasdaq: AMRS) narrowed losses for the fourth quarter significantly as revenue surged.

On the downside


Energy XXI Gulf Coast (Nasdaq: EXXI) fell to a loss for the fourth quarter on lower revenue.


Bitauto Holdings (NYSE: BITA) widened fourth quarter losses significantly.


Ladenburg Thalmann cut its price target on TC Pipelines (NYSE: TCP) from $59 to $50.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2,752. Bitcoin soared $225 to $8,519.


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