Bargain hunters boost markets


The markets recovered with the Dow soaring 130 points to 21,440 as bargain hunters snapped up deals. Nasdaq surged 55 points to 6,202.

On the upside

Philips will acquire Spectranetics (Nasdaq: SPNC) for a premium of approximately $1.7 billion in cash.

Envestnet Asset Management increased its stake in United Microelectronics (NYSE: UMC) by 33.7% to 130,348 shares.

Shares of Chicago Bridge & Iron (NYSE: CBI) extended its gains.

On the downside

Eldorado Gold (NYSE: EGO) warned that production at its Kisladag gold mine will fall short of its 2017 guidance. 

Canada Goose Holdings (NYSE: GOOS) priced its secondary offering of 12.5 million subordinate voting shares at the discounted price of $20.75 per share.


Paychex (Nasdaq: PAYX) reported higher fourth quarter earnings and revenue but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 18 points to 2,437. Bitcoin leaped $79 to $2510.

About this Entry

This page contains a single entry by published on June 28, 2017 6:49 AM.

Massive ransomware attack sends markets tumbling was the previous entry in this blog.

UPS to freeze pension plan is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12