Mild inflation lifts markets

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Mild inflation sparked optimism that interest rate increases would rise more slowly. The markets closed higher with the Dow rising 14 points to 21,858. Nasdaq gained 39 points to 6,256.


On the upside


Shares of Community Health Systems (NYSE: CYH) surged again on no news.


Bargain hunters lifted shares of Forterra (Nasdaq: FRTA).


Aegean Marine Petroleum Network (NYSE: ANW) reported better than expected earnings for the second quarter.

 

On the downside


Luxoft Holding (NYSE: LXFT) disappointed with sharply lower first quarter earnings that missed expectations.


Black Box (Nasdaq: BBOX) widened losses for the first quarter and suspended its dividend.

 

Shares of YogaWorks (Nasdaq: YOGA) fell on its first trading day.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 8 on both the NYSE and on Nasdaq. The broader S&P 500 added 3 points to 2,441. Bitcoin soared $151 to $3582.


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This page contains a single entry by published on August 11, 2017 2:59 PM.

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