The markets closed mixed with the Dow climbing 91 points to 24,831 as President Donald Trump vowed to lower drug costs. Nasdaq eased 2 points to 7402.


On the upside


Shares of Huya (NYSE: HUYA) surged in its market debut.


WideOpenWest (NYSE: WOW) reported a loss for the first quarter but the stock price soared.


Shares of Turtle Beach (Nasdaq: HEAR) continued to soar.

 

On the downside 


Ultra Petroleum (Nasdaq: UPL) swung to a profit for the first quarter but the stock price fell.


Fate Therapeutics (Nasdaq: FATE) widened losses for the third quarter.


Casa Systems (Nasdaq: CASA) reported lower first quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 added 4 points to 2,727. Bitcoin crashed $461 to $8,630.


The markets traded mixed during the midday with the Dow rising 30 points to 24,770. Nasdaq fell 20 points to 7384.


Elon Musk's Boring Company is close to completing a tunnel under the city of Los Angeles that will be used for a high-speed public transportation system. The tunnel is 12 feet wide and spans two miles. Free rides to the public will be available once regulatory approvals are secured.


President Donald Trump plans to lower the cost of prescription medication so that they are more affordable. The administration will encourage Medicare insurers to negotiate better drug prices and lower out of pocket costs for patients. Incentives will be created to prompt drug manufacturers to lower list prices.


Harley-Davidson union Association of Machinists and Aerospace Workers has accused the motorcycle company of moving factory work out of the country to Thailand. A factory in Kansas City will be closed but Harley-Davidson said that the work will be moved to a plant in York, Pennsylvania. While 800 jobs will be lost in Kansas City, 400 will be created in York.


In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 2,722. Bitcoin collapsed $475 to $8,615.


The markets opened mixed with the Dow adding 19 points to 24,758 while Nasdaq lost 11 points to 7393 as crude oil prices eased.


On the upside


The Trade Desk (Nasdaq: TTD) reported sharply higher first quarter earnings that beat expectations.


Uniti Group (Nasdaq: UNIT) narrowed first quarter losses as revenue rose.


Weight Watchers (NYSE: WTW) priced its secondary offering of 7.5 million common shares at $69.00 per share.

 

On the downside 


Symantec (Nasdaq: SYMC) initiated an internal investigation which may delay the release of its annual report prompting downgrades.


Intrexon (NYSE: XON) widened first quarter losses as revenue fell.


Yelp (NYSE: YELP) reported a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 eased a point to 2,722. Bitcoin crashed $544 to $8,546.


Markets soar on mild inflation

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Mild inflation data sent the markets soaring to a sharply higher close with the Dow leaping 196 points to 24,739. Nasdaq climbed 65 points to 7404.


On the upside


ARMO BioSciences (Nasdaq: ARMO) will be acquired by Eli Lilly (NYSE: LLY) for a premium of approximately $1.6 billion in cash.


Turtle Beach (Nasdaq: HEAR) swung to a profit for the first quarter that beat expectations by a wide margin.


Prestige Brands (NYSE: PBH) topped analyst estimates for the fourth quarter.

 

On the downside 


Soaring tensions between Israel and Iran sent shares of Middle East based Amira Nature Foods (NYSE: ANFI) plummeting.


MDC Partners (Nasdaq: MDCA) widened first quarter losses prompting the advertising company to lower its full year forecast.


EyePoint Pharmaceuticals (Nasdaq: EYPT) widened third quarter losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 climbed 25 points to 2,723. Bitcoin plummeted $174 to $9,076.


The markets advanced during the midday with the Dow soaring 173 points to 24,716. Nasdaq climbed 54 points to 7394.


Apple partnered with Goldman Sachs to offer a new Apple Pay branded credit card. The card is expected to launch in early 2019 and will be the first consumer credit card being offered by Goldman Sachs. Apple had previously issued a co-branded reward credit card with Barclays.


Ford has suspended production of its best selling F-150 trucks due to a fire at one of the automaker's suppliers. Extensive damage occurred at a Meridian Magnesium Products of America plant during an early morning fire on May 2. The plant makes magnesium radiator support structures.


A fatal crash in Florida involving a 2014 Tesla Model S will be investigated by the National Transportation Safety Board. Two 18-year-old high school students were killed in the crash and a third teenager was injured. Authorities believe that speed was the cause of the accident rather than the electric vehicle's partial self-driving autopilot mode.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 20 points to 2,718. Bitcoin tumbled $90 to $9,159.


Inflation fears were eased as consumer prices rose less than expected. The markets opened higher with the Dow gaining 49 points to 24,591. Nasdaq rose 16 points to 7355.


On the upside


First quarter revenue more than doubled for Carvana (NYSE: CVNA) to beat expectations. 


Wright Medical Group (Nasdaq: WMGI) narrowed first quarter losses more than expected. 


Pan American Silver (Nasdaq: PAAS) reported higher first quarter earnings and revenue.

 

On the downside 


Nuance Communications (Nasdaq: NUAN) widened second quarter losses more than expected.


Exelixis (Nasdaq: EXEL) reported disappointing results from a Phase 3 study of atezolizumab.


Puma Biotechnology (Nasdaq: PBYI) reported a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 gained 8 points to 2,705. Bitcoin soared $111 to $9,361.


Rising crude oil prices lifted the markets to a sharply higher close with the Dow surging 182 points to 24,542. Nasdaq soared 73 points to 7339.


On the upside


OPKO Health (Nasdaq: OPK) reported a smaller than expected loss for the first quarter. 


ZAGG (Nasdaq: ZAGG) reversed year ago losses to post a greater than expected profit for the first quarter. 


Blucora (Nasdaq: BCOR) reported higher first quarter earnings as revenue rose.

 

On the downside 


Cutera (Nasdaq: CUTR) widened losses for the first quarter.


Caesarstone (Nasdaq: CSTE) reported sharply lower first quarter earnings prompting the company to lower its full year forecast.


Extreme Networks (Nasdaq: EXTR) widened losses for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 climbed 25 points to 2,697. Bitcoin gained $73 to $9,248.


The markets advanced during the midday with the Dow leaping 163 points to 24,523. Nasdaq climbed 52 points to 7319.


Lennar partnered with Amazon to equip all new homes with built-in wifi, smart locks, thermostats and lights that are controlled by the voice activated digital assistant Alexa. The Echo Show and Echo Dot smart speakers will be included with each house. Eight model homes have been upgraded with the technology for homeowners to experience a smart home.


Ford vehicles that are imported into China have been targeted by customs officials. Vehicles must undergo extra checks of emissions components prompting delivery delays. Ford has not attributed the increased scrutiny to the tariff dispute between the two countries and has said that the situation is being monitored.


Walmart has reached an agreement to invest $16 billion in Flipkart Group in exchange for 77% of India's largest online retailer. Annual online sales in India totals approximately $30 billion and expected to grow by 35% per year. While Flipkart reported higher revenue in fiscal 2017, losses surged by 68%. 


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 23 points to 2,695. Bitcoin soared $168 to $9,343.


Crude oil prices advanced to lift the markets to a higher open with the Dow rising 39 points to 24,399. Nasdaq gained 15 points to 7281.


On the upside


TripAdvisor (Nasdaq: TRIP) reported stronger than expected earnings for the first quarter. 


Twilio (NYSE: TWLO) reported a smaller than expected loss for the first quarter a revenue climbed. 


Axon Enterprise (Nasdaq: AAXN) reported record revenue for the first quarter.

 

On the downside 


Weibo (Nasdaq: WB) reported higher first quarter earnings and revenue but the stock price tumbled.


The Middleby Corp. (Nasdaq: MIDD) disappointed with lower first quarter earnings and revenue that fell short of expectations.


Kinross Gold (NYSE: KGC) reported higher first quarter earnings and revenue that topped analyst estimates but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 gained 7 points to 2,678. Bitcoin climbed $85 to $9,261.


The markets closed flat with the Dow adding 2 points to 24,360 after the U.S withdrew from the Iran nuclear deal. Nasdaq edged up a point to 7266.


On the upside


Impinj (Nasdaq: PI) reported first quarter revenue that was higher than expected. 


Fossil Group (Nasdaq: FOSL) reported a smaller than expected loss for the first quarter. 


Dean Foods (NYSE: DF) narrowed first quarter losses more than expected.

 

On the downside 


Moody's downgraded Gogo's (Nasdaq: GOGO) corporate family rating from B3 to Caa1.


Hertz Global (NYSE: HTZ) reported a wider than expected loss for the first quarter.


Entercom Communications (NYSE: ETM) reported a loss for the first quarter.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by a margin of 6 to 5 on Nasdaq. The broader S&P 500 held steady at 2,671. Bitcoin sank $230 to $9,164.


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