February 2017 Archives

Lower close ahead of Trump speech

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The markets closed lower with the Dow losing 25 points to 20,812 ahead of president Donald Trump's first address before a joint session of Congress. Nasdaq fell 36 points to 5,825.


On the upside


Kite Pharma (Nasda: KITE) reported positive results from a primary analysis of ZUMA-1 for axicabtagene ciloleucel to treat chemorefractory aggressive B-cell non-Hodgkin lymphoma.


LSB Industries (NYSE: LXU) widened losses for the fourth quarter but the company expects performance to improve in 2017.


Nutrisystem (Nasdaq: NTRI) impressed with sharply higher fourth quarter earnings that more than doubled to top analyst estimates.


On the downside


Essendant (Nasdaq: ESND) reported a loss for the fourth quarter as revenue slipped.


Fourth quarter earnings plunged for Fiesta Restaurant Group (Nasdaq: FRGI) and the company named a new chief executive who has suspended discussions to sell the company. 

 

Ophthotech (Nasdaq: OPHT) widened fourth losses significantly.


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 2 on Nasdaq. The broader S&P 500 index fell 6 points to 2,363. Bitcoin slipped $2 to $1,183.


YouTube expected to announce TV service

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The markets extended its losses during the midday with the Dow falling 21 points to 20,815. Nasdaq dropped 34 points to 5,827.


YouTube will hold a press event this afternoon to announce new network TV offerings. Rumors have been swirling for months that YouTube was developing a subscription service of television programming in order to compete directly with Hulu and DirecTV. CBS reportedly signed a deal last with YouTube to provide content for a subscription TV service.


Expectations are high for the 10th anniversary edition of the iPhone. In one report, the next iPhone will offer a curved OLED display that could cost as much as $1,000. Investors are also speculating that the iPhone 8 will incorporate wireless charging technology.


Consumer Reports unveiled its list of the best car brands in the world. Cars were rated on reliability, owner satisfaction, safety and performance on a road test. Audi was named the best car brand for the second year in a row with its Audi Q7 taking the top spot for the luxury SUV category.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index fell 6 points to 2,363. Bitcoin added $3 to $1,189.


Lower open on disappointing earnings

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Disappointing earnings weighed the markets down to a lower open with the Dow slipping 11 points to 20,826. Nasdaq fell 21 points to 5,840.


On the upside


Silver Bay Realty Trust (NYSE: SBY) agreed to be acquired by Tricon Capital Group for a premium of approximately $1.4 billion in cash.


The Food and Drug Administration granted aTyr Pharma (Nasdaq: LIFE) orphan drug designation for its limb girdle muscular dystrophy treatment Resolaris.


DryShips (Nasdaq: DRYS) initiated a new dividend policy and declared a quarterly dividend of $2.5 million to common shareholders of record March 15, 2017 that will be payable on March 31, 2017.


On the downside


INC Research Holdings (Nasdaq: INCR) reported fourth quarter revenue that fell short of analyst expectations.


Tenet Healthcare (NYSE: THC) reported a wider than expected loss as revenue dropped. 

 

Target (NYSE: TGT) disappointed with sharply lower fourth quarter earnings that missed expectations and slashed its full year forecast.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index lost 3 points to 2,366. Bitcoin fell $7 to $1,178.


The markets closed higher with the Dow rising 15 points to 20,837 after President Donald Trump pledged to a group of governors that infrastructure spending will be "big." Nasdaq gained 16 points to 5,861.


On the upside


HTG Molecular Diagnostics (Nasdaq: HTGM) will begin offering its direct target sequencing chemistry in the company's VERI/O laboratory as a service beginning in the first quarter of 2017.


Novavax (Nasdaq: NVAX) narrowed losses for the fourth quarter.


ViewRay (Nasdaq: VRAY) received 510(k) clearance from the Food and Drug Administration to market its MRIdian Linac system.


On the downside


Four law firms have initiated investigations into Grana y Montego (NYSE: GRAM) for possible securities violations.


Shares of DryShip (Nasdaq: DRYS) fell for the sixth day. 

 

Retreating silver prices weighed down shares of Fortuna Silver Mines (NYSE: FSM) and Endeavour Silver (NYSE: EXK).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 2,369. Bitcoin soared $21 to $1,184.


Wendy's to install self-ordering kiosks

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The markets traded higher during the midday with the Dow rising 25 points to 20,847. Nasdaq gained 10 points to 5,855.


Fast food chain Wendy's will install kiosks at approximately 1,000 locations nationwide for customers to place their food orders. An average of three kiosks will be installed at each location with more planned for high traffic restaurants. The move is expected to lower labor costs while improving customer experience and sales.


Trader Joe's has voluntarily recalled several varieties of its apple sauce after customer complained that small pieces of glass were found in the jars. The grocery store chain's brand of First Crush Unsweetened Gravenstein Apple Sauce with barcode 0015905, Organic Unsweetened Apple Sauce with barcode 00194877 and All Natural Unsweetened Apple Sauce with barcode 00014359 are all affected by the recall. Customers have been asked to either discard the product or return the product to a store for a full refund.


In response to competition from discount grocery chain Aldi, Wal-Mart commenced a price comparison test at approximately 1,200 stores across 11 Midwest and Southeastern states. Wal-Mart has also met with food vendors to seek price reductions. The world's largest private employer and the world's largest company by revenue is seeking the right product pricing that will attract more shoppers. 


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 2 points to 2,369. Bitcoin soared $22 to $1,184.


Flat open as pending home sales fall

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The markets opened flat with the Dow adding 3 points to 20,825 as pending home sales fell in January. Nasdaq held steady at 5,845.


On the upside


La Jolla Pharmaceutical (Nasdaq: LJPC) reported positive results from the ATHOS-3 Phase 3 study of LJPC-501 in patients with catecholamine resistant hypotension.


Gogo (Nasdaq: GOGO) narrowed losses for the fourth quarter as revenue rose.


Cellectar Biosciences (Nasdaq: CLRB) provided an update of its Phase 1 clinical study of CLR 131 to treat relapsed or refractory multiple myeloma.


On the downside


Fourth quarter earnings for AmTrust Financial Services (Nasdaq: AFSI) fell short of expectations.


Shutterstock (NYSE: SSTK) reported fourth quarter earnings and revenue that missed expectations. 

 

BioCryst Pharmaceuticals (Nasdaq: BCRX) reported a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index eased a fraction to 2,366. Bitcoin climbed $12 to $1,175.


The markets rebounded to close modestly higher with the Dow adding 11 points to 20,821. Nasdaq rose 9 points to 5,845.


On the upside


Applied Optoelectronics (Nasdaq: AAOI) reported sharply higher fourth quarter earnings as revenue soared.


Fourth quarter earnings for Universal Display (Nasdaq: OLED) climbed as revenue rose.


Bargain hunters lifted shares of Build-A-Bear Workshop (NYSE: BBW).


On the downside


Function(x) (Nasdaq: FNCX) priced its public offering of approximately 4.57 million common shares at the discounted price of $1.05 per share.


Ashford Hospitality Trust (NYSE: AHT) widened losses for the fourth quarter. 

 

Zoe's Kitchen (NYSE: ZOES) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index added 3 points to 2,367. Bitcoin slipped $1 to $1,163.


J.C. Penney to close up to 140 stores

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The markets traded lower during the midday with the Dow losing 38 points to 20,771. Nasdaq slipped 9 points to 5,826.


After a disappointing holiday quarter, J.C. Penney announced cost cutting measures that are expected to save approximately $200 million annually. The struggling retailer will close between 130 to 140 underperforming stores and offer voluntary retirement packages to 6,000 employees. A supply chain facility in Buena Park, California will also be sold.


J.D. Power and LMC Automotive reported that new auto sales are projected to edge up 0.6% in February from last year. Sales directly to consumers that exclude fleet sales to businesses, government agencies and rental companies will rise by 0.4%. Increased incentives have boosted sales.


Startup Embark introduced its self-driving truck that has been in development for nearly a year. Nevada granted the company permission to test self-driving commercial trucks on its public highways. Embark plans to develop fully automated trucks that do not use any human drivers during long stretches of highway. Human drivers will enter the truck to drive on city streets.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 2,360. Bitcoin soared $28 to $1,186.


January new home sales rose less than expected to weigh the markets down to a lower open with the Dow falling 54 points to 20,756. Nasdaq dropped 21 points to 5,814.


On the upside


Cempra (Nasdaq: CEMP) reported upbeat results from a Phase 3 study of oral fusidic acid to treat patients with acute bacterial skin and skin structure infections.


RH (NYSE: RH) reported better than expected earnings for the fourth quarter.


The Food and Drug Administration approved IntelliPharmaCeutics International's (Nasdaq: IPCI) abbreviated new drug application for metformin hydrochloride extended release tablets in the 500 mg and 750 mg strengths.


On the downside


North American Offshore (NYSE: NAO) upsized its public offering to 40 million common shares priced at the discounted price of $1.25 per share.


Hi-Crush Partners (NYSE: HCLP) priced its public offering of approximately 20 million units at a discount. 

 

Acacia Communications (Nasdaq: ACIA) reported impressive fourth quarter earnings and revenue but the company forecast current quarter results that fell short of analyst expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 7 points to 2,356. Bitcoin soared $25 to $1,182.


Mixed close despite Trump jobs pledge

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Despite rising crude oil prices and a pledge by President Donald Trump to bring back millions of jobs, the markets closed mixed with the Dow gaining 34 points to 20,810. Nasdaq lost 25 points to 5,835.


On the upside


Kemet (NYSE: KEM) will acquire Japanese passive electronic equipment maker NEC Tokin.


Cemtrex (Nasdaq: CETX) provided a robust business outlook.


Moody's downgraded Hornbook Offshore Services' (NYSE: HOS) Corporate Family Rating from Caa1 to Caa3 but the stock price climbed.


On the downside


Ocwen Financial (NYSE: OCN) reported a loss for the fourth quarter.


Fourth quarter earnings surged for Weibo (Nasdaq: WB) but the results fell short of expectations. 

 

QEP Resources (NYSE: QEP) widened losses significantly for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,363. Bitcoin soared $27 to $1,142.


More details about Amazon's new store

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The market traded mixed during the midday with the Dow gaining 58 points to 20,834. Nasdaq fell 25 points to 5,835.


Amazon is moving closer to opening its first drive-through grocery store with its recent application for a liquor license. The new store has been designed for efficiency with no shelves to display items. Customers place orders online then drive to the store during a 15-minute to two-hour pick-up window where a worker will deliver the groceries to the customer's car.


In anticipation of a blockbuster Snap initial public offering, the New York Stock Exchange will run a test of the messaging app's market debut this Saturday. Traders have been asked to submit sample orders to test the ability of the NYSE's software to handle the expected volume of transactions. The NYSE conducted trial runs of Twitter's IPO in 2013 and Alibaba's debut in 2014.


Norwegian Air Shuttle will expand the number of routes that it offers between the United States and Europe beginning in mid-June. Ticket prices will begin at $65 for one way flights to the United Kingdom and Ireland from smaller airports in the U.S. There will only be a very limited number of tickets offered at the extreme low price.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 2 to 1 on Nasdaq. The broader S&P 500 index added a point to 2,364. Bitcoin soared $24 to $1,139.


Mixed open as jobless claims rise

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The market opened mixed with the Dow rising 17 points to 20,793 as first time applications for unemployment benefits rose. Nasdaq fell 27 points to 5,833.


On the upside


A judge ruled that Actives Laboratories' generic version of Zohydro ER infringed on patents held by Pernix Therapeutics (Nasdaq: PTX).


Square (NYSE: SQ) narrowed fourth quarter losses more than expected.


Over 1,000 customers in February paid for and completed training on Nova Lifestyle's (Nasdaq: NVFY) Nova-Mart.


On the downside


L Brands (NYSE: LB) forecast 2017 earnings that fell short of analyst expectations.


Arris International (Nasdaq: ARRS) will pay approximately $800 million in cash to acquire Ruckus Wireless and ICX Switch from Brocade Communication Systems. 

 

Ocean Rig (Nasdaq: ORIG) widened fourth quarter losses significantly as revenue plunged.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,360. Bitcoin soared $25 to $1,140.


Sales of existing homes climbed more than expected but the markets closed mixed with the Dow rising 32 points to 20,775 as an interest rate hike loomed. Nasdaq lost 5 points to 5,860.


On the upside


Lantheus Holdings (Nasdaq: LNTH) reported higher fourth quarter earnings as revenue rose.


Ternium (NYSE: TX) will buy CSA Siderurgica do Altantico from thyssenkrupp.


Depomed (Nasdaq: DEPO) reported higher fourth quarter revenue.


On the downside


Seeking Alpha alleged that Cemtrex (Nasdaq: CETX) deceived shareholders, paid stock promoters and engaged in fraud.


Profit taking weighed down shares of DryShips (Nasdaq: DRYS). 

 

Entellus Medical (Nasdaq: ENTL) widened losses for the fourth quarter.


The broader S&P 500 index slipped 2 points to 2,362. Bitcoin rose $5 to $1,111.


CSX cuts 1,000 jobs

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The markets traded mixed during the midday with the Dow rising 16 points to 20,759. Nasdaq lost 8 points to 5,857.


CSX will eliminate approximately 1,000 management positions at its headquarters in Jacksonville, Florida and in the field. Employees were notified by email about the "involuntary separation program." The railroad company will offer enhanced severance pay and pension benefits for laid off workers.


UPS tested a drone delivery system that is launched from a delivery van. The UPS driver will continue to make deliveries the traditional way but will also deploy an autonomous drone to deliver packages within a certain range of the van. The truck-launched drones will be tested on rural routes, which are the most expensive routes to serve.


Best Buy and GameStop will be hosting midnight launch events for the Nintendo Switch which debuts on March 3. Pre-orders for Nintendo's new console sold out on the first day that they were available but production has been increased to accommodate demand. A limited number of consoles will be available at retailers for their launch events.

 

The broader S&P 500 index slipped 3 points to 2,362. Bitcoin added $3 to $1,109.


Lower open as crude oil retreats

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Retreating crude oil prices weighed the markets down to a lower open with the Dow losing 19 points to 20,723. Nasdaq fell 14 points to 5,851.


On the upside


Microbes Medical (Nasdaq: MBOT) received a patent for a device that prevents shunt stenosis.


Garmin (Nasdaq: GRMN) reported higher fourth quarter earnings that topped analyst estimates.


Internap (Nasdaq: INAP) raised $43 million through a private placement.


On the downside


An independent data monitoring committee recommended that Argos Therapeutics (Nasdaq: ARGS) discontinue its Phase 3 ADAPT clinical trial of rocapuldencel-T for futility.


Profit taking weighed down shares of Eyegate Pharmaceuticals (Nasdaq: EYEG). 

 

Parker Drilling (NYSE: PKD) priced its public offering of 12 million common shares at the discounted price of $2.10 per share.


The broader S&P 500 index slipped 4 points to 2,360. Bitcoin rose $4 to $1,110.


Upbeat earnings from major retailers Wal-Mart and Home Depot boosted the markets to a higher close with the Dow soaring 118 points to 20,743. Nasdaq climbed 27 points to 5,865.


On the upside


Tronox (NYSE: TROX) reversed year ago losses to post a profit for the fourth quarter and announced plans to acquire the TiO(2) business of Cristal.


Popeyes Louisiana Kitchen (Nasdaq: PLKI) will be acquired by Burger King owner Restaurant Brands International for approximately $1.8 billion in cash.


Exact Sciences (Nasdaq: EXAS) narrowed fourth quarter losses more than expected as revenue more than doubled.


On the downside


Rentech (Nasdaq: RTK) idled its Wawa facility and announced plans to explore strategic alternatives.


Global Eagle Entertainment (Nasdaq: ENT) appointed Jeff Leddy to the position of chief executive officer to replace Dave Davis who resigned. 

 

The Food and Drug Administration issued a Complete Response Letter to Amphastar Pharmaceuticals (Nasdaq: AMPH) for its New Drug Application for Naloxone Hydrochloride Nasal Spray for the emergency treatment of opioid overdose.


The broader S&P 500 index climbed 14 points to 2,365. Bitcoin soared $46 to $1,097.


Burger King buys Popeyes

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The markets traded higher during the midday with the Dow climbing 102 points to 20,726. Nasdaq rose 20 points to 5,859.


Restaurant Brands International will pay a premium of approximately $1.8 billion in cash to acquire Popeyes Louisiana Kitchen. Popeyes has more than 2,000 fried chicken restaurants in the United States and 25 other countries. Restaurant Brands International owns Burger King and the doughnut chain Tim Hortons.


WhatsApp upgraded its Status feature to allow photos and videos to be shared with friends. The photos and videos will be encrypted like all text messages that are sent through the messaging app. Users can edit the photos with stickers and drawings, just like to Snapchat.


Verizon discounted its offer to acquire Yahoo by $350 million to $4.48 billion after weeks of discussions. The proposed acquisition was threatened when two massive cyber attacks against Yahoo was revealed. Verizon discovered that the data breaches had minimal impact on the reputation on Yahoo and therefore moved forward to renegotiate terms of the deal.


The broader S&P 500 index climbed 12 points to 2,363. Bitcoin soared $46 to $1,097.


The markets opened higher with the Dow soaring 112 points to 20,736 as crude oil prices continued to rise. Nasdaq gained 23 points to 5,861.


On the upside


Community Health Systems (NYSE: CYH) reported a smaller than expected loss for the fourth quarter.


Eyegate Pharmaceuticals (Nasdaq: EYEG) granted Valeant Pharmaceuticals exclusive worldwide commercial and manufacturing rights to the EyeGate II Delivery System and EGP-437.


Lumos Networks (Nasdaq: LMOS) will be acquired by EQT Infrastructure for a premium of approximately $950 million.


On the downside


Trevena (Nasdaq: TRVN) reported positive results from two Phase 3 studies of the opioid painkiller oliceridine but the Food and Drug Administration requires an additional Phase 3 study.


DryShips (Nasdaq: DRYS) will acquire two tankers for approximately $102.5 million. 

 

Momenta Pharmaceuticals (Nasdaq: MNTA) swung to a profit for the fourth quarter but the stock price tumbled.


The broader S&P 500 index added 3 points to 2,351. Bitcoin climbed $35 to $1,087.


U.S. markets closed

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U.S. markets are closed in observance of Presidents' Day.

Higher close as crude oil edges up

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The markets closed higher with the Dow adding 4 points to 20,624 as crude oil prices edged up. Nasdaq gained 23 points to 5,838.


On the upside


MacDonald Dettwiler is reportedly interested in acquiring DigitalGlobe (NYSE: DGI) for between $2 billion to $3 billion.


Arista Networks (NYSE: ANET) reported higher fourth quarter earnings that topped analyst estimates.


SunPower (Nasdaq: SPWR) will supply 64.4 megawatts of solar panels for seven solar power plants in France.


On the downside


Orchid Island (NYSE: ORC) fell to a loss for the fourth quarter.


Yamana Gold (NYSE: AUY) reported a loss for the fourth quarter. 

 

XTL Biopharmaceuticals (Nasdaq: XTLB) announced a registered direct offering of $2.5 million.


The broader S&P 500 index added 3 points to 2,351. Bitcoin climbed $24 to $1,047.


Fiat Chrysler to lay off workers

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The markets traded lower during the midday with the Dow dropping 70 points to 20,549. Nasdaq rose 5 points to 5,820.


Fiat Chrysler will temporarily lay off 3,200 employees for up to six months at a Toledo manufacturing plant. Production of the Jeep Cherokee will be moved from Toledo to a plant in Belvidere, Illinois. The Toledo North Assembly Plant will be remodeled to produce the next generation Wrangler.


Samsung Group vice president Jay Y. Lee was arrested for bribery and embezzlement. The son of Samsung chair Lee Kun-hee is the third generation to lead South Korea's largest conglomerate and has been accused of giving $36 million in bribes to a close friend of South Korean president Park Geun-hye. The corruption scandal lead to the impeachment of president Park.


In the ongoing unlimited data war, AT&T announced that its unlimited data will no longer require that customers to also have an AT&T DirecTV or U-verse plan. The price for a single plan will be $100 per month or $180 for four lines. Users who consume more than 22GB will have their speed slowed down.


The broader S&P 500 index lost 4 points to 2,343. Bitcoin climbed $22 to $1,044.


Lower open as crude oil slips

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The markets opened lower with the Dow falling 54 points to 20,565 as crude oil prices slipped. Nasdaq added a point to 5,815.


On the upside


Top Ships (Nasdaq: TOPS) reported unaudited annual revenue that more than doubled.


Real Goods Solar (Nasdaq: RGSE) updated investors that it raised additional capital and regained compliance with Nasdaq listing requirements.


Unilever (NYSE: UN) has rejected a $143 billion acquisition offer from Kraft Heinz (Nasdaq: KHC)


On the downside


ArQule (Nasdaq: ARQL) reported disappointing results from a Phase 3 study of tivantinib in hepatocellular carcinoma.


Fourth quarter earnings for Nu Skin Enterprises (NYSE: NUS) fell short of expectations. 

 

Impinj (Nasdaq: PI) swung to a profit for the fourth quarter but the stock price fell.


The broader S&P 500 index lost 4 points to 2,343. Bitcoin climbed $26 to $1,049.


The markets markets closed flat with the Dow adding 7 points to 20,619 despite a better than expected jobless claims report. Nasdaq slipped 4 points to 5,814.


On the upside


Bargain hunters lifted shares of Power Solutions International (Nasdaq: PSIX).


Superconductor Technologies (Nasdaq: SCON) received a patent for its superconducting wire manufacturing method.


Kate Spade & Co. (NYSE: KATE) reported higher fourth quarter earnings that beat expectations and announced that the company was exploring strategic alternatives to increase shareholder value.


On the downside


Avon Products (NYSE: AVP) reported a larger than expected loss for the fourth quarter.


Molina Healthcare (NYSE: MOH) fell to a loss for the fourth quarter. 


ConforMIS (Nasdaq: CFMS) reported a loss for the fourth quarter.


The broader S&P 500 index slipped 2 points to 2,347. Bitcoin climbed $20 to $1,025.


Visa partners with IBM

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The markets traded lower during the midday with the Dow losing 19 points to 20,592. Nasdaq fell 13 points to 5,806.


Visa partnered with IBM to develop secure payment experiences that will be available on any and all connected devices. IBM Watson's artificial intelligence and machine learning platform will be able to determine when a car needs to replace a part that has worn out. The driver can order the part, schedule an appointment to install the part and pay for everything from the driver's seat.


In response to rival Verizon's recent introduction of a new unlimited data plan, Sprint upgraded its unlimited data plan to include unlimited HD video streaming and 10GB of mobile hotspot data. The new plan starts at $65 per month for the first line. An option for Sprint Premium that includes HD content will be available for $75 per month.


Snapchat parent company Snap will price its initial public offering shares between $14 and $16 with plans to sell 145 million shares. The messaging company reported losses of more than $500 million in 2016. Snap will trade on the New York Stock exchange with the ticker symbol SNAP.


The broader S&P 500 index slipped 5 points to 2,343. Bitcoin soared $27 to $1,032.


The markets opened flat with the Dow edging up a fraction to 20,612 even as first time applications for unemployment benefits rose less than expected. Nasdaq added a point to 5,821.


On the upside


Shares of Zosano (Nasdaq: ZSAN) continued to rise.


Cisco Systems (Nasdaq: CSCO) reported better than expected earnings for the second quarter.


RDInvesting noted that Novavax (Nasdaq: NVAX) may be poised to breakout.


On the downside


Profit taking weighed down shares of My Size (Nasdaq: MYSZ).


The Food and Drug Administration approved Valeant Pharmaceuticals' (NYSE: VRX) moderate to severe plaque psoriasis treatment SILIQ but the stock price fell. 


Investors locked in profits on Reliv International (Nasdaq: RELV).


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped 3 points to 2,346. Bitcoin climbed $19 to $1,024.


Strong retail sales lift markets

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Strong January retail sales sent them markets soaring to a sharply higher close with the Dow surging 107 points to 20,611. Nasdaq climbed 36 points to 5,819.


On the upside


Shares of Zosano (Nasdaq: ZSAN) extended its gains.


The Patent and Trademark Office issued a favorable decision for Editas Medicine (Nasdaq: EDIT) in a patent dispute involving CRISPR/Cas9 genome editing.


Cinedigm (Nasdaq: CIDM) narrowed losses for the third quarter.


On the downside


Investors locked in profits of ZAIS Group Holdings (Nasdaq: ZAIS).


Auris Medical (Nasdaq: EARS) priced its public offering of 10 million shares of common stock at the discounted price of $0.70 per share. 


World Fuel Services (NYSE: INT) disappointed with sharply lower fourth quarter earnings that fell far short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index climbed 11 points to 2,349. Bitcoin added $2 to $1,004.


The markets extended its gains during the midday with the Dow soaring 100 points to 20,604. Nasdaq climbed 26 points to 5,809.


Sources have said that Verizon and Yahoo are close to finalizing a revised acquisition agreement. Verizon had offered $4.83 billion to buy the struggling internet company in July 2016 but two cyber attacks on Yahoo put the deal on shaky ground. The new agreement is rumored to slice between $250 million to $350 million off the original price tag and to share the liability of potential lawsuits between Verizon and Yahoo.


Amazon filed a patent for a package delivery system using parachutes and drones. A drone would fly packages to the delivery site then release the packages with a parachute. Pneumatic actuators, electromagnets and spring coils would be used to guide the descent of packages to customers on the ground.


In the wake of the cancelled merger between Aetna and Humana, Cigna has sued Anthem to terminate their proposed $54 billion merger. Cigna is demanding that Anthem pay a $1.85 billion breakup fee. Anthem has countersued Cigna to prevent a collapse of their deal.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index gained 9 points to 2,347. Bitcoin eased a fraction to $1,002.


The markets opened higher with the Dow gaining 25 points to 20,529 as January retail sales rose more than expected. Nasdaq added 2 points to 5,785.


On the upside


The Food and Drug Administration exempted Evoke Pharma's (Nasdaq: EVOK) Gimoti from a Human Factors Validation study requirement.


Fortress Investment Group (NYSE: FIG) will be acquired by SoftBank for a premium of approximately $3.3 billion in cash.


Groupon (Nasdaq: GRPN) reported higher revenue for the fourth quarter.


On the downside


Wells Fargo downgraded Fossil Group (Nasdaq: FOSL) from a Market Perform rating to an Underperform rating.


AIG (NYSE: AIG) widened losses significantly for the fourth quarter. 


Sino-Global Shipping America (Nasdaq: SINO) announced a $4.77 million registered direct offering.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 2,336. Bitcoin held steady at $1,002.


A stronger than expected gain in January producer prices lifted the markets to a higher close with the Dow climbing 92 points to 20,504. Nasdaq gained 18 points to 5,782.


On the upside


Galectin Therapeutics (Nasdaq: GALT) presented at the BIO CEO & Investor Conference.


LightPath Technologies (Nasdaq: LPTH) swung to a profit for the second quarter.


Cellect Biotechnology (Nasdaq: APOP) will voluntarily delist from the Tel-Aviv Stock Exchange.


On the downside


Aviragen Therapeutics (Nasdaq: AVIR) reported disappointing results from a Phase 2b SPIRITUS trial of vapendavir.


New Age Beverages (Nasdaq: NBEV) priced its public offering of approximately 4.29 million shares of common stock at the discounted price of $3.50 per share. 


Tile Shop Holdings (Nasdaq: TTS) reported sharply lower fourth quarter earnings that fell short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index gained 9 points to 2,337. Bitcoin gained $12 to $1,003.


Aetna and Humana abandon merger

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The markets recovered during the midday to trade higher with the Dow gaining 58 points to 20,471. Nasdaq rose 10 points to 5,774.


Health insurers Aetna and Humana have abandoned their plans to merge after a federal judge said last month that the deal would have stifled competition. The termination of the $34 billion deal triggered a $1 billion breakup payment to Humana from Aetna. The collapse of the Aetna-Humana deal has now raised concerns about Anthem's proposed $54 billion  offer to buy Cigna.


General Motors has engaged in advanced discussions to sell its money-losing European business to PSA Group. The French automaker owns the Peugeot, Citroen and DS brands. Buying GM's European brands will expand PSA's European passenger car market share to 16.3%.


Executives from Best Buy, Target, JC Penney, AutoZone, Gap and other major retailers will meet with the House Ways and Means Committee chair Kevin Brady to discuss a proposed import tax. The retailers say that a border-adjustment tax will increase the price of products and negatively impact corporate profits. The executives will advocate for pro-growth policies that encourage job creation.


In the broad market, declining issues edged out advancers by a margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 index gained 6 points to 2,334. Bitcoin gained $9 to $1,000.


The markets opened lower with the Dow slipping 19 points to 20,392 over expectations that the Federal Reserve will increase interest rates at its next meeting. Nasdaq lost 11 points to 5,752.


On the upside


Hologic (Nasdaq: HOLX) will pay a premium of approximately $1.65 billion in cash to acquire Cynosure (Nasdaq: CYNO).


ZAIS Group Holdings (Nasdaq: ZAIS) chair and chief investment officer acquired a 7.5% stake in the company.


Navios Maritime Partners (NYSE: NMM) reported a smaller than expected loss for the fourth quarter.


On the downside


Gevo (Nasdaq: GEVO) priced its public offering of stocks and warrants at a discount.


Uni-Pixel (Nasdaq: UNXL) announced a public offering of common stock and warrants. 


Hibbett Sports (Nasdaq: HIBB) reported preliminary fourth quarter results that fell short of expectations.


In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index lost 5 points to 2,323. Bitcoin gained $9 to $1,000.


Hopes for accelerated economic expansion under President Donald Trump's tax reforms lifted the markets to a sharply higher close with the Dow surging 142 points to 20,412. Nasdaq climbed 29 points to 5,763.


On the upside


Sino-Global Shipping (Nasdaq: SINO) reversed year ago losses to post a profit for the second quarter.


Bargain hunters lifted shares of DryShips (Nasdaq: DRYS).


UBS analyst John Roberts affirmed his Neutral rating on Intrepid Potash (NYSE: IPI) and lifted his price target from $1.15 to $2.00.


On the downside


Knoll (NYSE: KNL) disappointed with lower second quarter revenue that fell short of analyst expectations.


Profit taking weighed down shares of Cara Therapeutics (Nasdaq: CARA). 


Gevo (Nasdaq: GEVO) will offer stocks and warrants through a public offering.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index climbed 12 points to 2,328. Bitcoin added $1 to $993.


Verizon offers unlimited data

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The markets extended its gains during the midday with the Dow leaping 157 points to 20,426. Nasdaq climbed 36 points to 5,769.


Unlimited data returns to Verizon. The nation's largest wireless provider began offering unlimited voice, text and data for $80 per month to customers who use AutoPay and paper-free billing. The new plan was an attempt to retain fleeing customers who have opted for the unlimited data plans offered by rivals T-Mobile and Sprint. Verizon had ended a previous unlimited data plan in 2012.


Workers at Boeing's South Carolina aircraft factory will vote on Wednesday whether or not they will join the International Association of Machinists union. Approximately 3,000 workers who assemble the 787 Dreamliners in North Charleston have never been represented by a union. South Carolina has the nation's lowest union membership rate at 1.6% and has marketed itself as business friendly and anti-union. 


Representatives of General Motors and Toyota Motor will recommend to a U.S. House panel that vehicle safety standards need to be updated to accommodate self-driving cars. Changes to existing regulations are necessary for automakers to test self-driving cars. The automotive industry is also urging legislatures to craft new guidelines for the deployment of autonomous vehicles.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,329. Bitcoin added $2 to $994.


Economic optimism boosts markets

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Optimism that President Donald Trump will overhaul the federal tax code boosted the markets to a sharply higher open with the Dow soaring 104 points to 20,373. Nasdaq climbed 28 points to 5,762.


On the upside


Zosano Pharma (Nasdaq: ZSAN) reported positive results from a ZOTRIP efficacy trial of M207.


Allergan (NYSE: AGN) will pay a premium of approximately $2.475 billion to acquire Zeltiq Aesthetics (Nasdaq: ZLTQ).


The Chemours Company (NYSE: CC) settled toxic chemical contamination claims in West Virginia.


On the downside


The Securities and Exchange Commission is investigating Hain Celestial (Nasdaq: HAIN) for its accounting practices.


Ubiquiti Networks (Nasdaq: UBNT) extended its losses. 


Investors locked in profits on Nvidia (Nasdaq: NVDA).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index gained 9 points to 2,325. Bitcoin slipped $2 to $989.


Higher close as crude oil prices rise

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Crude oil prices rose to lift the markets to a higher close with the Dow climbing 96 points to 20,217. Nasdaq gained 18 points to 5,734.


On the upside


KBS Fashion Group (Nasdaq: KBSF) completed its 1-for-15 reverse stock split yesterday.


Immunomedics (Nasdaq: IMMU) entered an exclusive global licensing agreement with Seattle Genetics (Nasdaq: SGEN) for Seattle Genetics to develop, manufacture and commercialize Immunomedics' tumor therapy candidate IMMU-132.


Activision Blizzard (Nasdaq: ATVI) reported higher fourth quarter earnings and revenue that beat expectations and announced a $1 billion stock repurchase plan.


On the downside


Fourth quarter revenue for ChannelAdvisor (NYSE: ECOM) missed estimates.


iPass (Nasdaq: IPAS) reported a loss for the fourth quarter. 


Cardtronics (Nasdaq: CATM) reported higher fourth quarter earnings and revenue but the stock price tumbled.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index gained 8 points to 2,316. Bitcoin edged up to $998.


The markets extended its gains during the midday with the Dow soaring 101 points to 20,273. Nasdaq gained 23 points to 5,738.


McDonald's will introduce a new snow crab sandwich at four restaurants in San Jose, California. The sandwich is made with snow crab meat that is mixed with mayonnaise then served on a sourdough bun with lettuce and tomatoes. Local chef and former Top Chef contestant Ryan Scott helped create the sandwich.


Toyota debuted new sports packages for its pickups and sport utility vehicles. Buyers of the 2018 Tundra TRD Sport pickup truck can choose between a 4x4 or 4x2 model in CrewMax or double cab configurations. The Sequoia TRD Sport SUV will also be available on 4x4 or 4x2 models and comes with specially tuned Bilstein shocks and anti-sway bars.


Facebook will provide additional information to media regulator Media Rating Council about its ad displays for an independent audit. In previous reports, Facebook only included video ads that were viewed for more than three seconds which overinflated its ad metrics. Now, the amount of time in milliseconds that an ad was displayed will be included in the data.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index gained 9 points to 2,317. Bitcoin climbed $8 to $974.


Higher open as import prices rise

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The markets opened higher with the Dow gaining 44 points to 20,217 as import prices rose 0.4% in January. Nasdaq added 2 points to 5,717.


On the upside


Sears Holdings (Nasdaq: SHLD) announced restructuring plan that will streamline operations and save $1.0 billion per year.


Sierra Wireless (Nasdaq: SWIR) reversed year ago losses to post a profit for the fourth quarter.


Infinera (Nasdaq: INFN) reported a smaller than expected loss for the fourth quarter.


On the downside


Yelp (NYSE: YELP) swung to a profit for the fourth quarter but the company forecast current quarter revenue that fell far short of analyst expectations.


Second quarter earnings for Ubiquiti Networks (Nasdaq: UBNT) missed estimates. 


Organovo Holdings (Nasdaq: ONVO) reported a loss for the third quarter and slashed its full year revenue outlook.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 2,312. Bitcoin lost $5 to $959.


An unexpected drop in first time applications for unemployment benefits sent the markets soaring with the Dow surging 118 points to 20,172. Nasdaq climbed 32 points to 5,715.


On the upside


Johnson Controls (NYSE: JCI) entered a partnership with Aqua Metals (Nasdaq: AQMS) to license AquaRefining technology, supply Aqua Metals with batteries to recycle, purchase AquaRefined metals and acquire just under 5% of Aqua Metals outstanding shares.


Banc of California (NYSE: BANC) reported that an independent investigation found no violations of the law as alleged by an anonymous blogger.


Cliffs Natural Resources (NYSE: CLF) reversed year ago losses to post a greater than expected profit for the fourth quarter.


On the downside


Moleculin Biotech (Nasdaq: MBRX) priced its public offering of securities.


Fifth Street Financing (Nasdaq: FSC) reported a greater than expected loss for the first quarter. 


iRobot (Nasdaq: IRBT) reported lower fourth quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,307. Bitcoin plunged $88 to $955.


The markets extended its gains during the midday with the Dow soaring 140 points to 20,194. Nasdaq gained 33 points to 5,716.


Facebook partnered with Best Buy last year to offer demonstrations of Facebook's Oculus Rift virtual reality goggles. The Oculus Rift demos launched in 48 locations in May 2016 and expanded to 500 stores across the nation. Now, Facebook is closing demo stations in 200 locations. Best Buy will continue to sell the Oculus Rift headset and the handheld touch controllers.


A federal judge sided with the Justice Department and blocked Anthem's proposed acquisition of rival Cigna saying that the consolidation would reduce competition which would in turn stifle innovation. Combining Anthem and Cigna would create the largest health insurer in the nation by membership and could increase prices.


Kellogg may have to lay off up to 1,100 employees due to a change in the way it will deliver its products to stores. Instead of using distribution centers, the company will use large warehouses in order to cut costs. Third nine distribution centers with approximately 30 employees each will be closed by the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index gained 13 points to 2,307. Bitcoin plummeted $69 to $974.


Rising crude oil prices lift markets

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Rising crude oil prices lifted the markets to a higher open with the Dow climbing 77 points to 20,131. Nasdaq gained 24 points to 5,706.


On the upside


Sky Solar Holdings (Nasdaq: SKYS) reversed year ago losses to post a profit for the third quarter.


Marchex (Nasdaq: MCHX) partnered with Facebook (Nasdaq: FB) to launch Marchex Omnichannel Analytics Cloud to provide advanced call analytics to marketers.


Biocept (Nasdaq: BIOC) chief executive Michael W. Nail issued a letter to stockholders detailing company plans and priorities for 2017.


On the downside


Vista Outdoor (NYSE: VSTO) fell to a loss for the third quarter.


Coeur Mining (NYSE: CDE) reported a loss for the fourth quarter. 


Glu Mobile (Nasdaq: GLUU) widened losses for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 9 points to 2,303. Bitcoin plunged $88 to $956.


Mixed close over earnings news

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The markets closed mixed with the Dow losing 35 points to 20,054 while Nasdaq gained 8 points to 5,682 over corporate earnings reports.


On the upside


Aehr Test Systems (Nasdaq: AEHR) received an order from a subcontractor to its lead customer for its FOX-XP test and burn-in system products.


Coherent (Nasdaq: COHR) impressed with sharply higher first quarter earnings that beat analyst expectations by a wide margin.


Universal (NYSE: UVV) reported higher third quarter earnings and revenue.


On the downside


DryShips (Nasdaq: DRYS) reported a loss for the fourth quarter as revenue plunged.


Akamai Technologies (Nasdaq: AKAM) reported higher fourth quarter earnings and revenue but the stock price fell. 


SPS Commerce (Nasdaq: SPSC) reported lower fourth quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The broader S&P 500 index edged up a point to 2,294. Bitcoin held steady at $1,043.


TurboTax slashes guidance

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The markets traded mixed during the midday with the Dow falling 40 points to 20,050 while Nasdaq rose 7 points to 5,681.


Online tax filing provider TurboTax slashed its second quarter earnings and revenue guidance citing a sharp 29% drop in filings from last year at this time. The IRS also reported that the number of tax returns processed has plummeted 33% as of January 27 when compared with year ago numbers. TurboTax parent company Intuit believes that people have simply procrastinated rather than switched to another tax filing service.


Microsoft has extended the use of its cloud service technology patents to users of Microsoft Azure. Azure is an enterprise-grade cloud computing platform where clients can store data and build and deploy apps. Microsoft holds over 10,000 patents covering mobile apps and cloud technology.


Accenture introduced a new system that will make blockchain applications more secure. Blockchain is a distributed database that records transactions in a verifiable and permanent manner. Accenture has developed a platform to store digital keys securely in hardware security modules.


In the broad market, advancing issues barely edged out decliners by a margin of nearly 10 to 9 on the NYSE while decliners outpaced advancers by 7 to 5 on Nasdaq. The broader S&P 500 index added a point to 2,294. Bitcoin gained $5 to $1,047.


Lower open as crude oil slips

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The markets opened lower with the Dow dropping 62 points to 20,028 as crude oil prices slipped. Nasdaq fell 15 points to 5,658.


On the upside


Cellect Biotechnology (Nasdaq: APOP) treated its first blood cancer patient in a Phase I/II trial of its stem cell technology ApoGraft.


Data from Diffusion Pharmaceuticals' (Nasdaq: DFFN) Phase 1/2 clinical trial evaluating the safety and efficacy of trans sodium crocetinate in newly diagnosed glioblastoma multiform has been published in the print edition of the Journal of Neurosurgery.


Myriad Genetics (Nasdaq: MYGN) reported better than expected earnings for the second quarter.


On the downside


Galena Biopharma (Nasdaq: GALE) priced its public offering of stock and warrants at the discounted price of $1.00 per unit.


Tidewater (NYSE: TDW) widened losses for the third quarter as revenue tumbled. 


Investors locked in profits on Second Sight Medical Products (Nasdaq: EYES).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index lost 4 points to 2,288. Bitcoin fell $6 to $1,036.


Higher close as trade deficit falls

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The markets closed modestly higher with the Dow rising 37 points to 20,090 as the nation's trade deficit fell. Nasdaq gained 10 points to 5,674.


On the upside


Second Sight Medical Products (Nasdaq: EYES) set the record date for its upcoming rights offering.


Shares of Naked Brand Group (Nasdaq: NAKD) climbed again.


Perceptron (Nasdaq: PRCP) reversed year ago losses to post a profit for the second quarter.


On the downside


The Commodity Futures Trading Commission banned FXCM (Nasdaq: FXCM) from operating in the U.S. market.


Retreating crude oil prices weighed down shares of California Resources (NYSE: CRC). 


YRC Worldwide (Nasdaq: YRCW) reported a greater than expected loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,293. Bitcoin soared $25 to $1,040.


The retreated from early morning highs but continued trading in positive territory with the Dow rising 36 points to 20,088. Nasdaq added 10 points to 5,674.


General Motors will be issuing bonus checks of up to $12,000 to its hourly workers. The profit sharing plan that United Auto Workers negotiated in 2011 provides approximately $1,000 to each worker for each $1 billion in pre-tax profit in North America. GM reported an impressive pre-tax profit of $12 billion in North America in 2016.


BMW will pay approximately $477.7 million to settle a class action lawsuit. Owners of model years 2004 to 2010 BMW 5 Series cars claimed that sensitive electronic components in vehicle trunks were damages by water. Approximately 318,000 owners of vehicles covered by the settlement will receive up to $1,500 to cover prior repairs.


YouTube expanded its live mobile streaming feature so that it is now available on channels with over 10,000 subscribers. Viewers who pay a fee will be able to chat live with streamers using the Super Chat feature. YouTube video creators will be offered a lucrative 55%-45% split on advertising revenue.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,293. Bitcoin soared $23 to $1,038.


The nation's trade deficit fell by a more than expected 3.2% in December to lift the markets to a higher open with the Dow soaring 93 points to 20,145. Nasdaq gained 20 points to 5,684.


On the upside


Real Goods Solar (Nasdaq: RGSE) completed its $11.5 million public offering.


RDInvesting wrote that biotechnology stocks were poised to soar in 2017 and noted that MYOS RENS Technology (Nasdaq: MYOS) had recently spiked.


Shares of Concordia International (Nasdaq: CXRX) climbed for the sixth day.


On the downside


Michael Kors (NYSE: KORS) disappointed with lower third quarter revenue that fell short of expectations and forecast current quarter results below estimates.


Sabre (Nasdaq: SABR) reported sharply lower fourth quarter earnings that missed analyst expectations. 


Shares of comScore (Nasdaq: SCOR) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 6 points to 2,298. Bitcoin soared $23 to $1,038.


Economic uncertainty weighed the markets down to a lower close with the Dow losing 19 points to 20,052. Nasdaq slipped 3 points to 5,663.


On the upside


DryShips (Nasdaq: DRYS) will hold its 2017 Annual General Meeting of Shareholders on May 2, 2017.


Shares of Concordia International (Nasdaq: CXRX) rose for the fifth day.


Conatus Pharmaceuticals (Nasdaq: CNAT) will present at the Biotechnology Industry Organization CEO and Investor Conference on Monday, February 13, 2017.


On the downside


Atwood Oceanics (NYSE: ATW) disappointed with sharply lower first quarter earnings and revenue.


Haemonetics (NYSE: HAE) swung to a profit for the third quarter but revenue fell. 


Profit taking weighed down shares of GNC Holdings (NYSE: GNC).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 4 points to 2,292. Bitcoin gained $14 to $1,015.


SEC investigates Tyson Foods

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The markets traded lower during the midday with the Dow losing 28 points to 20,043. Nasdaq slipped 10 points to 5,656.


The Securities and Exchange Commission issued a subpoena to Tyson Foods related to an investigation into the company. While the meat producer had limited information about the investigation, it does believe that the probe is about allegations that the company colluded with rivals to fix the price of chicken. Tyson is cooperating with the regulatory agency.


Uber moved one step closer to achieving its goal of producing flying cars by hiring NASA engineer Mark Moore as its director of engineering for aviation. Moore specialized in designing electric motors to lift vehicles into the air vertically. Both Uber and Moore acknowledge that vertical takeoff and landing vehicles are in its infancy and are working to create an ecosystem that supports innovation in airborne vehicles.


An amicus brief was filed by 97 technology companies on Sunday opposing President Donald Trump's executive order that temporarily banned refugees and immigrants from seven Muslim majority nations. The brief supported immigrants and noted many who brought new discoveries and innovation to the nation. The brief also highlighted the importance of increased background checks. Technology leaders such as Apple, Microsoft, Google and Facebook all signed the joint court brief.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index lost 6 points to 2,290. Bitcoin rose $14 to $1,015.


The markets opened flat with the Dow easing a point to 20,069 over concerns that isolationist policies will hurt the economy. Nasdaq slipped 7 points to 5,659.


On the upside


The Data Safety Monitoring Board for two clinical trials of Galena Biopharma's (Nasdaq: GALE) breast cancer treatment NeuVax found no safety concerns with either trial.


JPMorgan upgraded Cabot Oil & Gas (NYSE: COG) from a Neutral rating to an Overweight rating.


Hasbro (Nasdaq: HAS) impressed with higher fourth quarter earnings and revenue that beat analyst expectations.


On the downside


comScore (Nasdaq: SCOR) will be unable to complete its financial restatements by Nasdaq's deadline and may be delisted.


Aratana Therapeutics (Nasdaq: PETX) must provide additional information to the Center for Veterinary Medicine for its appetite stimulation medication Entyce. 


LGI Homes (Nasdaq: LGIH) reported sharply lower home closings in January.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped a point to 2,295. Bitcoin rose $14 to $1,015.


Better than expected job growth sent the market soaring to a sharply higher close with the Dow leaping 186 points to 20,071. Nasdaq climbed 30 points to 5,666.


On the upside


MYOS RENS Technology (Nasdaq: MYOS) announced that an institutional investor will purchase approximately $2.125  million of common stock through a registered direct offering.


Upbeat trial data from Amgen (Nasdaq: AMGN) for its PCSK9 lifted shares of The Medicines Company (Nasdaq: MDCO), which has a similar product in development, and Esperion Therapeutics (Nasdaq: ESPR).


Bristow Group (NYSE: BRS) reported a smaller than expected loss for the third quarter.


On the downside


Trading in Power Solutions International (Nasdaq: PSIX) was temporarily halted today.


Pulmatrix (Nasdaq: PULM) announced a registered direct offering with several institutional investors to purchase approximately $3.33 million worth of common stock. 


Investors locked in profits on Benitec Biopharma (Nasdaq: BNTC).


In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 16 points to 2,297. Bitcoin rose $4 to $1,002.


The markets extended its gains during the midday with the Dow leaping 173 points to 20,057. Nasdaq gained 21 points to 5,657.


Snapchat parent company Snap expects to raise $3 billion in its initial public offering. The disappearing photo site reported revenue of approximately $400 million in 2016 and losses of $514.6 million. Snapchat boasts 158 million daily users who create and share 2.5 billion photos every day.


Dollar General opened its new smaller-format DGX store in Nashville that is targeting millennial shoppers. The store offers convenience to busy millennials with a brewed coffee station, soda fountain, prepackaged sandwiches, and select groceries. Pet supplies, paper products and household cleaning supplies are also available.


Nordstrom has dropped the Ivanka Trump line of clothes, shoes and accessories. The upscale department store said that the decision was not motivated by politics but rather by business. The company regularly reviews the performance of every product then makes changes to its offerings. 


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 15 points to 2,296. Bitcoin rose $6 to $1,005.


A strong gain in January nonfarm payrolls boosted the markets to a sharply higher open with the Dow soaring 131 points to 20,016. Nasdaq gained 17 points to 5,653.


On the upside


Tableau Software (NYSE: DATA) narrowed fourth quarter losses more than expected.


Fortinet (Nasdaq: FTNT) swung to a better than expected profit for the fourth quarter.


Naked Brand Group (Nasdaq: NAKD) extended its gains.


On the downside


FireEye (Nasdaq: FEYE) reported a loss for the fourth quarter and announced the departure of chief financial officer Mike Berry and chairman David DeWalt.


Fourth quarter earnings and revenue for HanesBrands (NYSE: HBI) missed expectations. 


Deckers Brands (NYSE: DECK) disappointed with sharply lower third quarter earnings that fell short of estimates.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index climbed 12 points to 2,293. Bitcoin rose $4 to $1,002.


Global tensions weigh down markets

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The markets closed lower with the Dow slipping 6 points to 19,884 as investors monitored escalating tensions with Iran and a potential conflict with Australia. Nasdaq lost 6 points to 5,636.


On the upside


Benitec Biopharma (Nasdaq: BNTC) has made significant progress in identifying novel viral vectors for the delivery gene therapy applications to the back of the eye and will present data at the Association for Research in Vision and Ophthalmology-Asia meeting.


Brooks Automation (Nasdaq: BRKS) reversed year ago losses to post a stronger than expected profit for the first quarter.


Cadence Design Systems (Nasdaq: CDNS) reported better than expected earnings for the fourth quarter and announced a $525 million stock repurchase plan.


On the downside


A patient in Stemline Therapeutics' (Nasdaq: STML) Phase 2 trial of SL-401 to treat blastic plasmacytoid dendritic cell neoplasm has died.


Ralph Lauren (NYSE: RL) chief executive Stefan Larsson will be leaving the luxury fashion brand on May 1, 2017. 


CSG Systems International (Nasdaq: CSGS) reported sharply lower fourth quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,280. Bitcoin soared $22 to $997.


Macy's may sell itself

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The markets traded flat during the midday with the Dow edging up a fraction to 19,891. Nasdaq lost 7 points to 5,634.


Struggling department store Macy's may be exploring a possible sale. After a disappointing holiday season capped a year of falling revenue, shareholder Starboard Value began advocating for change and is seeking seats on Macy's board. While potential buyers have said that they have been contacted about a sale, Macy's has not commented on the rumors.


A Dallas jury sided with ZeniMax in its lawsuit against Facebook over the technology that powers the Oculus Rift virtual reality goggle that Facebook bought for $2 billion in 2014. ZeniMax claimed that Oculus founder Palmer Luckey and chief technology officer John Carmack stole ZeniMax's intellectual property to develop Oculus. ZeniMax will receive a total of $500 million with $300 million coming from Oculus, $50 million from Luckey and $150 million from Oculus co-founder Brendan Iribe.


Amazon will spend $1.49 billion to build an air cargo hub at Cincinnati/Northern Kentucky International Airport. The online retailing giant expects to schedule at least 200 departures and landings each day in order efficiently to deliver packages to its clients. Amazon plans to hire 10,000 workers for the facility.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 2,279. Bitcoin soared $16 to $992.


The markets opened lower with the Dow falling 23 points to 19,867 as worker productivity slowed in the fourth quarter. Nasdaq slipped 3 points to 5,639.


On the upside


British consumer goods company Reckitt Benckiser Group engaged in advanced discussions to acquire Mead Johnson Nutrition (NYSE: MJN) for a premium of approximately $16.7 billion.


Weatherford International (NYSE: WFT) reported a smaller than expected loss for the fourth quarter and announced an alliance with Nabors Industries (NYSE: NBR) to deliver enhanced drilling solutions to the oil and gas land market.


Naked Brand Group (Nasdaq: NAKD) launched its Comfortably You collection of sleepwear and loungewear that will be available on The Home Shopping Network.


On the downside


Shutterfly (Nasdaq: SFLY) disappointed with lower fourth quarter earnings that missed expectations and forecast current quarter results below estimates.


Cirrus Logic (Nasdaq: CRUS) reported better than expected results for the third quarter but the chip maker forecast fourth quarter results that fell short of expectations. 


Civeo (NYSE: CVEO) priced its public offering of 20 million common shares at the discounted price of $3.00 per share.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 8 to 5 on Nasdaq. The broader S&P 500 index lost 3 points to 2,276. Bitcoin climbed $11 to $987.


An acceleration of manufacturing activity in January lifted the markets to a modestly higher close with the Dow gaining 26 points to 19,890. Nasdaq climbed 27 points to 5,642.


On the upside


Shares of Pulmatrix (Nasdaq: PULM) surged on no news.


Bargain hunters lifted shares of EnteroMedics (Nasdaq: ETRM).


xG Technology (Nasdaq: XGTI) business unit Integrated Microwave Technologies launched its DragonFly ultra-miniature wireless video system.


On the downside


Real Goods Solar (Nasdaq: RGSE) priced its public offering of common stock and warrants at the discounted price of $3.10 per unit.


Tokyo Electric Power terminated its uranium supply contract with Cameco (NYSE: CCJ). 


Morgan Stanley initiated coverage of Seaspan (NYSE: SSW) with an Underweight rating and a price target of $4.50.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 2,279. Bitcoin climbed $12 to $968.


The markets traded flat during the midday with the Dow adding 5 points to 19,869. Nasdaq rose 14 points to 5,629.


U.S. auto sales fell in January for domestic car makers with General Motors reporting a 3.8% sales drop while Ford sales eased 0.6%. Strong truck sales helped Ford report a smaller than expected drop. On the other end of the spectrum, sales of Nissan vehicles unexpectedly climbed 6.2%.


Nintendo will run a Super Bowl commercial for the very first time to promote its new Switch game console that will launch on March 3. The ad will highlight the game play flexibility of the Switch, which can be used as a traditional game console connected to a TV or as a mobile tablet for gaming on the go. The commercial will also show the new Legend of Zelda game, The Legend of Zelda: Breath of the Wind.


New York Attorney General Eric Schneiderman filed a lawsuit against Charter Communications alleging that the company defrauded its customers. The Spectrum unit of Charter Communications had advertised and charged customers for faster internet speeds but did not deliver the faster speeds. Spectrum is the rebranded Time Warner Cable which Charter bought in May 2016. Charter said that the false internet speeds were advertised before the company bought Time Warner Cable.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE while decliners barely edged out advances by a slim margin on Nasdaq. The broader S&P 500 index slipped 2 points to 2,276. Bitcoin climbed $9 to $965.


Strong jobs data lifts markets

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Upbeat Apple earnings and strong jobs data lifted the markets to a higher open with the Dow gaining 50 points to 19,914. Nasdaq climed 23 points to 5,638.


On the upside


Oneok (NYSE: OKE) will buy the remaining shares of Oneok Partners (NYSE: OKS) that it does not already own for approximately $9.3 billion in stock.


Helios and Matheson Analytics (Nasdaq: HMNY) completed beta testing the artificial intelligence technology of its subsidiary Zone Technologies.


Olin (NYSE: OLN) reversed year ago losses to post a profit for the fourth quarter.


On the downside


Catabasis Pharmaceuticals (Nasdaq: CATB) reported disappointing results from Part B of the MoveDMD trial of edasalonexent to treat Duchenne muscular dystrophy.


Synergy Pharmaceuticals (Nasdaq: SGYP) priced its public offering of more than 20 million shares of common stock at the discounted price of $6.15 per share. 


Pitney Bowes (NYSE: PBI) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index rose 3 points to 2,282. Bitcoin gained $3 to $962.


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