Markets Rally after Federal Reserve Meeting – Latest Updates on BSX, DWA, EBAY and TWTR

New York, New York – April 28th, 2016 – Comments made by the Federal Reserve reiterating a gradual rise for interest rates helped erase early market losses caused by disappointing earnings from tech giants Apple Inc. and Twitter Inc. The Dow Jones Industrial Average gained 0.28 percent to close at 18,041.55, while the S&P 500 Index gained 0.16 percent to close at 2,095.15.

“They’ve reassured the market it’s going to be a slow and gradual pace and that they expect the economy to improve moderately,” said Michael Arone, chief investment strategist at State Street Global Advisors. “It was about as expected and they made their comments as wide in scope as possible and as a result there’s not much you can grasp onto to say they’re going to change their path.”

Here are Wednesday’s market movers:

Boston Scientific Corporation (NYSE: BSX) shares spiked 11.17 percent to close at $21.89 a share Wednesday. The stock traded between $20.97 and $22.05 on volume of 47.13 million shares traded. The company reported sales were $1.964 billion for the first quarter of 2016, an increase of 11.0 percent when compared to a year ago. Shares of Boston Scientific have gained approximately 19.0 percent year-to-date and are up roughly 22.0 percent in the past month.

Find out more about Boston Scientific including full access to the equity report at: 
www.StockTheory.com/BSX

Dreamworks Animation Skg Inc. (NASDAQ: DWA) shares soared 18.73 percent to close at $32.20 a share Wednesday. The stock traded between $30.60 and $32.30 on volume of 11.67 million shares traded. The Wall Street Journal has recently reported that Comcast Corp. is currently in talk to purchase Dreamworks Animation for over $3.0 billion. Shares of Dreamworks Animation have gained approximately 25.0 percent year-to-date and are up roughly 31.0 percent in the past month.

Find out more about Dreamworks Animation including full access to the equity report at:  
www.StockTheory.com/DWA

eBay Inc. (NASDAQ: EBAY) shares gained 3.18 percent to close at $25.27 a share Wednesday. The stock traded between $25.19 and $26.21 on volume of 29.27 million shares traded. The company reported revenues were $2.1 billion for the first quarter of 2016, an increase of 4.0 percent on an as-reported basis when compared to a year ago. Shares of eBay have fallen approximately 8.0 percent year-to-date and are up roughly 4.0 percent in the past month.

Find out more about eBay including full access to the equity report at: 
www.StockTheory.com/EBAY

Twitter Inc. (NYSE: TWTR) shares dropped 16.28 percent to close at $14.86 a share Wednesday. The stock traded between $14.81 and $15.28 on volume of 84.69 million shares traded. The company reported sales were $594.5 for the first quarter of 2016, an increase of 36.0 percent year-over-year but below consensus estimates of $608.0 million. Shares of Twitter have fallen approximately 36.0 percent year-to-date and are down roughly 7.0 percent in the past month.

Find out more about Twitter including full access to the equity report at: 
www.StockTheory.com/TWTR

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