Higher open as CPI edges up

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The markets opened higher with the Dow gaining 39 points to 21,883 as the consumer price index edged up 0.1% in July. Nasdaq rose 6 points to 6,222.


On the upside


Bargain hunters lifted shares of Babcock & Wilcox Enterprises (NYSE: BW).


The Trade Desk (Nasdaq: TTD) reported sharply higher second quarter earnings and revenue.


Shares of Synergy Pharmaceuticals (Nasdaq: SGYP) continued to climb.

 

On the downside


J.C. Penney (NYSE: JCP) widened losses more than expected.


Snap (NYSE: SNAP) widened second quarter losses more than expected.

 

Nvidia (Nasdaq: NVDA) reported sharply higher second quarter earnings and revenue but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE while advancers edged out decliners by more than 4 to 3 on Nasdaq. The broader S&P 500 plummeted 35 points to 2,438. Bitcoin climbed $462 to $3412.


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