Indications that Senator Marco Rubio will support the tax plan sent the markets soaring to close sharply higher with the Dow surging 143 points to 24,651. Nasdaq leaped 80 points to 6,936.


On the upside


Stifel upgraded Crocs (Nasdaq: CROX) from a Hold rating to a Buy rating.


Surgery Partners (Nasdaq: SGRY) announced plans to repurchase up to $50 million of its common stock.


Analysts expect Roku (Nasdaq: ROKU) to benefit from Disney's (NYSE: DIS) acquisition of Fox (Nasdaq: FOXA) assets.


On the downside 


Investors locked in profits on Marinus Pharmaceuticals (Nasdaq: MRNS).


Verastem (Nasdaq: VSTM) priced its public offering of $25 million worth of common stock. 


NQ Mobile (NYSE: NQ) reported losses for the first, second and third quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 soared 23 points to 2,675. Bitcoin gained $66 to $17,498.


The markets extended its gains during the midday with the Dow soaring 163 points to 24,672. Nasdaq surged 82 points to 6,938.


Retailers participating in today's Free Shipping Day will ship online purchases without charge with a guaranteed delivery by Christmas Eve. Major retailers such as Macy's, Target, Toys R Us and Old Navy are participating along with Mrs. Fields, The Popcorn Factory, and Munchery. The free shipping applies to in-stock, ready to ship items in the continental U.S. to non-P.O. Box addresses.


Today is also National Cupcake Day to celebrate the convenient, single-serve cake. Many bakeries are celebrating by offering treats such as a free Hot Cocoa Cupcake or Christmas Cookies & Milk Cupcake to the first 100 customers at Baked by Melissa or buy get one free at Gigi's Cupcakes and Ooh La La Dessert Boutique. Double Tree is providing a free DoubleTree cookie to guests from now until December 24.


Lockheed Martin has partnered with Aerion to develop a supersonic jet for corporations. The Aerion AS2 supersonic business jet is expected to be ready for market by 2025. Lockheed makes supersonic combat aircraft such as the F-16, F-35 and F-22.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 leaped 26 points to 2,678. Bitcoin rocketed $1,325 to $17,644.


Higher open as GOP tweaks tax plan

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The markets opened higher with the Dow climbing 77 points to 24,585 as the GOP tweaked their tax plan to ensure passage. Nasdaq gained 15 points to 6,871.


On the upside


DDR (NYSE: DDR) will spin off 50 of its properties into a new company to be named Retail Value Trust.


Under Armour (NYSE: UA) is using drones to promote its latest Curry 4 shoe which drops on Saturday.


Teva Pharmaceutical (NYSE: TEVA) announced the exclusive launch of generic Viread.


On the downside 


CSX (Nasdaq: CSX) chief executive Hunter Harrison has taken an unexpected medical leave of absence.


Oracle (NYSE: ORCL) reported higher second quarter earnings and revenue but growth in its cloud computing business fell short of expectations and the company forecast current quarter results below estimates. 


Investors locked in profits on Finisar (Nasdaq: FNSR).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,660. Bitcoin leaped $1,380 to $17,699.


Two Republican Senators demanded changes to child tax credits before they would support the tax overhaul plan. The markets closed lower with the Dow dropping 76 points to 24,508. Nasdaq lost 19 points to 6,856.


On the upside


Rumors circulated that Genomic Health (Nasdaq: GHDX) may be acquired.


Marinus Pharmaceuticals (Nasdaq: MRNS) will be added to the Nasdaq Biotechnology Index before market open on Monday, December 18, 2017.


Nordson (Nasdaq: NDSN) reported higher fourth quarter earnings and revenue.


On the downside 


Pier 1 Imports (NYSE: PIR) disappointed with lower third quarter earnings that fell short of expectations and slashed its full year forecast.


Criteo (Nasdaq: CRTO) cited the impact of Apple's (Nasdaq: AAPL) Intelligent Tracking Prevention for lowering its fourth quarter forecast. 


ABM Industries (NYSE: ABM) fell to a loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,652. Bitcoin rose $55 to $16,415.


The markets retreated to trade lower during the midday with the Dow falling 49 points to 24,535. Nasdaq dropped 20 points to 6,854.


Disney will pay approximately $52.4 billion in stock to acquire the film, television and international businesses of Twenty-First Century Fox. Disney will now own the Avatar and The Simpsons franchises as well as 21st Century Fox's film and television studios, and cable entertainment networks. Fox will maintain its Fox Broadcasting network which includes Fox News Channel and Fox Business Network along with the sports channels FS1, FS2 and the Big Ten Network.


The Federal Communications Commission voted this morning to end net neutrality. Internet service providers have lobbied lawmakers for the past two years to overturn regulations that require the companies to treat all content equally and prevents the ISPs from slowing or blocking content. Net neutrality advocates warn that costs will increase for consumers as broadband providers such as AT&T, Comcast and Verizon will now be able to charge fees for faster service and create partnerships for the distribution of preferred content.


Delta has selected Airbus over Boeing as its next jetliner provider. Delta ordered 100 Airbus A321neo jets with the option to order 100 additional aircraft. The new jets will use 40% less fuel than the McDonnell Douglas MD-88s that they are replacing.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 9 points to 2,653. Bitcoin rose $64 to $16,425.


The markets opened higher with the Dow gaining 46 points to 24,631 over expectations that Congress will vote on a tax plan next week. Nasdaq rose 12 points to 6,887.


On the upside


Teva Pharmaceutical Industries (NYSE: TEVA) will cut 14,000 jobs, or more 25% of its workforce, and suspend its dividend.


The U.S. Patent and Trademark Appeal Board has instituted inter partes review proceedings on all claims against two patents involved in a patent infringement claim against Mylan (Nasdaq: MYL).


Tiffany & Co. (NYSE: TIF) renewed its exclusive license agreement with Luxottica to develop, produce and distribute sunglasses and prescription frames under the Tiffany & Co. brand.


On the downside 


Sibanye Gold (NYSE: SBGL) will pay approximately $383 million to acquire Lonmin.


J.P.Morgan downgraded Valeant Pharmaceutical (NYSE: VRX) from a Neutral rating to an Underweight rating. 


OneMain Holdings (NYSE: OMF) priced its secondary offering of 7.5 million common shares .


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while advancers edged out decliners by nearly 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,665. Bitcoin slipped $27 to $16,333.


A tax plan was finalized by Congressional Republicans lifting the markets to a higher close with the Dow climbing 80 points to 24,585. Nasdaq gained 13 points to 6,875.


On the upside


Jianpu Technology (NYSE: JT) narrowed losses for the third quarter as revenue soared.


Overstock.com (Nasdaq: OSTK) founder and chief executive formed a joint venture with Peruvian economist Hernando de Soto to develop a blockchain based global property registry system.


PPDAI Group (NYSE: PPDF) impressed with sharply higher third quarter earnings and revenue and the company announced a partnership with Sun Hung Kai & Co. to jointly explore potential collaboration opportunities.


On the downside 


Bristow Group (NYSE: BRS) announced a public offering of $125 million in convertible senior notes.


Investors locked in profits on Proteostasis Therapeutics (Nasdaq: PTI). 


Profit taking weighed down shares of Accuray (Nasdaq: ARAY).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,662. Bitcoin plummeted $699 to $16,377.


Fed raises rates

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The market extended its gains during the midday with the Dow soaring 133 points to 24,638. Nasdaq climbed 25 points to 6,887.


At the Federal Reserve's final policy meeting of the year, the agency increased interest rates by an expected quarter of a percentage point. The Fed affirmed its intention to raise rates three times in 2018 and in 2019 even as the nation's economic activity has accelerated. However, inflation is expected to be below the targeted 2% in 2018.


Republicans have finalized an agreement to overhaul the tax code that will add between $1.5 trillion to $20 billion to the nation's debt over the next decade. The corporate tax rate will be slashed from the current 35% to 21%, which is above the 20% that was heavily promoted by President Donald Trump. The top tax bracket for wealthy individuals will drop from 39.6% to 37% while a $10,000 cap will be established for state and local tax deductions.


Toyota Motor extended its partnership with Panasonic by jointly developing prismatic cells to power electric cars. Panasonic currently supplies the Japanese automaker with traditional lithium-ion batteries. Panasonic is also working with Tesla to develop batteries using cylindrical cells.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 2,669. Bitcoin plunged $917 to $16,159.


Higher open as CPI rises 0.4%

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The market opened higher with the Dow rising 21 points to 24,525 as consumer prices edged up 0.4%. Nasdaq gained 18 points to 6,880.


On the upside


Finisar (Nasdaq: FNSR) received a $390 million investment from Apple (Nasdaq: AAPL) to increase production of laser diodes that are used in the iPhone X for Face ID, Animoji and portrait mode selfies.


Western Digital (Nasdaq: WDC) and Toshiba have settled their dispute over the proposed sale of their NAND flash memory SanDisk joint venture.


A class action lawsuit was filed against Qudian (NYSE: QD) but the stock price rose. 


On the downside 


Nordic American Tankers (NYSE: NAT) launched a recapitalization program.


Shares of Lumentum Holdings (Nasdaq: LITE) tumbled after Apple (Nasdaq: AAPL) invested in rival Finisar (Nasdaq: FNSR). 


Investors locked in profits on AK Steel Holding (NYSE: AKS).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2,667. Bitcoin tumbled $277 to $16,799.


The Dow advanced to close sharply higher with the blue chip index surging 118 points to 24,504 on strong gains in producer prices. Nasdaq lost 12 points to 6,862.


On the upside


Proteostasis Therapeutics (Nasdaq: PTI) reported positive results from three studies, PTI-428, PTI-801 and PTI-808 to treat cystic fibrosis.


GlycoMimetics (Nasdaq: GLYC) reported upbeat updated data from the Phase 1/2 trial for GMI-1271 to treat relapsed/refractory acute myeloid leukemia.


Bargain hunters lifted shares of Syros Pharmaceuticals (Nasdaq: SYRS). 


On the downside 


Two of seven patients in Global Blood Therapeutics (Nasdaq: GBT) study of voxelotor died.


Kosmos Energy (NYSE: KOS) will plug its Lamantin-1 exploration well offshore Mauritania. 


Casey's General Stores (Nasdaq: CASY) reported lower second quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of 6 to 5 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,664. Bitcoin soared $321 to $17,113.


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