Higher open as Irma downgraded to tropical storm

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The markets opened sharply higher with the Dow soaring 130 points to 21,927 as Hurricane Irma became downgraded to a tropical storm. Nasdaq climbed 51 points to 6,411.


On the upside


Teva Pharmaceutical (NYSE: TEVA) named Kare Schultz to the position of chief executive officer.


The Guatemalan Supreme Court reinstated the Escobar mining license of Tahoe Resources' (NYSE: TAHO) subsidiary Minera San Rafael.


Bargain hunters lifted shares of XL Group (NYSE: XL).

 

On the downside


Alamos Gold (NYSE: AGI) will acquire Richmont Mines (NYSE: RIC) in an all stock transaction.


Shares of Equifax (NYSE: EFX) extended its losses.

 

Investors locked in profits on Louisiana-Pacific (NYSE: LPX).


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 13 points to 2,474. Bitcoin edged up $1 to $4,240.


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This page contains a single entry by published on September 11, 2017 6:54 AM.

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