NEW YORK, NY / ACCESSWIRE / February 17, 2017 / U.S. markets pulled back slightly from their record highs Thursday as President Donald Trump failed to provide any more details regarding his "phenomenal" tax plan and instead announced a proposed replacement for the Affordable Care Act, aka Obamacare, would be submitted March before any tax reform. All three major indexes closed at record highs for the fifth consecutive day on Wednesday, marking the first time this has happened since January 1992.

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"We've had a big run in the near term, so some weakness is normal especially if you want the bull run to continue," said Ryan Detrick, senior market strategist for LPL Financial, said in an interview, reported MarketWatch. "You see these records and you almost don't want to see them, you want more slow and steady."

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Superconductor Technologies' shares soared 34.78 percent to close at $1.55 a share on Thursday. The stock traded between $1.40 and $1.80 on volume of 28.33 million shares traded. On February 16th, the company announced that it was awarded a U.S. Patent enabled by STI's proprietary superconducting wire manufacturing method. Shares of Superconductor Technologies have gained approximately 26.0 percent year-to-date.

"This new patent protects the foundation from which we will build high performance wire for our customers," said Jeff Quiram, STI's President and CEO. "The flexibility provided by our proprietary manufacturing process enables STI to build superconducting wire in very unique ways."

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Power Solutions International's shares soared 64.21 percent to close at $6.24 a share on Thursday. The stock traded between $4.15 and $7.85 on volume 4.19 million shares traded. On February 10th, the company announced that it has appointed Frazier & Deeter, LLC as its new auditor to succeed RSM US LLP.

"The appointment of Frazier & Deeter is another important step to becoming current with our financial statements. Following our recent appointment of Tim Cunningham, a proven leader with extensive expertise in overseeing financial restatements and related matters, to serve as interim chief financial officer, we have the key resources in place to move forward expeditiously." commented Gary Winemaster, Chairman and CEO.

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Today's Features Includes:

Superconductor Technologies, Inc. (NASDAQ: SCON)

Power Solutions International Inc. (NASDAQ: PSIX)

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