October 2017 Archives

An unexpected gain in September existing home sales lifted the markets to a sharply higher close with the Dow surging 165 points to 23,328. Nasdaq climbed 23 points to 6,629.


On the upside


Shares of uniQure (Nasdaq: QURE) continued to soar.


Xunlei (Nasdaq: XNET) stock extended its gains.


Shares of RISE Education Cayman (Nasdaq: REDU) surged in its market debut.

 

On the downside


The Securities and Exchange Commission is reviewing Axon Enterprise's (Nasdaq: AAXN) financial reports for fiscal 2016 and for the quarter ended March 31, 2017.


LaSalle Hotel Properties (NYSE: LHO) disappointed with sharply lower third quarter earnings that fell short of expectations. 

 

IberiaBank (Nasdaq: IBKC) reported lower third quarter earnings and announced plans to acquire Gibraltar Private Bank & Trust.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 13 points to 2,575. Bitcoin leaped $241 to $5,964.


Cortana powers Invoke

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The markets extended its gains during the midday with the Dow soaring 136 points to 23,299. Nasdaq rose 28 points to 6,633.


Microsoft's Cortana assistant will power Harman Kardon's new Invoke smart speaker that is priced at $199. Like its rivals Amazon Echo and Google Home, Invoke can check the weather, find directions, prepare a shopping list and stream music. Invoke can also control home environment devices such as thermostats and lights that are made by Nest, Philips Hue, SmartThings, and Wink.


Merck will restructure its sales operations by eliminating primary care, disease-focused endocrinology and hospital chronic care sales teams. Approximately 1,800 jobs will be cut nationwide as the drugmaker focuses on significant unmet medical needs. A new chronic care sales force of approximately 960 people will be created to support the diabetes medication Januvia, the sleep treatment Belsomra, and other drugs.


Customers who purchased the new Google Pixel 2 and Pixel 2 XL at pop-up stores in Manhattan and Los Angeles were overcharged by $31. Google has apologized for the error and pledged to repay the $31. Pixel 2 smartphones are listed at $649 on the Google Play Store but sold for $680 at the pop-up stores while the Pixel  XL is listed at $849 online but was priced at $880 at the pop-ups.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 12 points to 2,574. Bitcoin rocketed $243 to $5,966.


Potential tax cut plan lifts markets

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A potential plan to cut taxes lifted the markets to a higher open with the Dow gaining 42 points to 23,205. Nasdaq rose 28 points to 6,633.


On the upside


Skechers (NYSE: SKX) reported higher third quarter earnings and revenue that beat expectations.


Atlassian (Nasdaq: TEAM) reported a smaller than expected loss for the first quarter and lifted its full year forecast.


athenahealth (Nasdaq: ATHN) reported better than expected earnings for the third quarter and announced plans to eliminate approximately 9% of its workers.

 

On the downside


Celgene (Nasdaq: CELG) halted two studies for the Crohn's disease treatment mongersen prompting a downgrade.


NCR (NYSE: NCR) reported lower third quarter revenue and lowered its full year forecast.

 

Gentex (Nasdaq: GNTX) reported lower third quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 2,567. Bitcoin slipped $8 to $5,714.


Mixed close over earnings

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The markets closed mixed with the Dow adding 5 points to 23,163 while Nasdaq lost 19 points to 6,605 as investors continued to monitor earnings.


On the upside


uniQure (Nasdaq: QURE) will advance AMT-061 into a pivotal study in 2018 for patients with severe and moderately severe hemophilia B.


Shares MongoDB (Nasdaq: MDB) surged in its market debut.


Qudian (NYSE: QD) stock continued to soar.

 

On the downside


Earthstone Energy (NYSE: ESTE) priced its public offering of 4.5 million shares of common stock at the discounted price of $9.25 per share.


United Continental (NYSE: UAL) reported lower third quarter earnings and warned of lower unit revenue in the fourth quarter.

 

Benchmark Electronics (NYSE: BHE) reported lower third quarter earnings.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 4 to 3 on Nasdaq. The broader S&P 500 edged up a fraction to 2,562. Bitcoin eased $1 to $5,721.


GM reaches $120 million settlement

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The markets traded lower during the midday with the Dow slipping 18 points to 23,139. Nasdaq dropped 35 points to 6,589.


General Motors reached a $120 million settlement with 49 states and the District of Columbia over its faulty ignition switches. The defective switches could have caused engines to stall and may have prevented airbags from being deployed in a crash. The automaker has already paid approximately $2.5 billion in penalties over the faulty ignition switches that have been linked to 124 deaths and 275 injuries.


Target reported strong performance at its 44 small-format stores that are key to the retailer's turnaround plan. Sales per square foot at traditional stores average $300 while the metric is double that, $600, at the small-format centers. Sales have also been inching up at over 70 locations that have been remodeled.


Consumer Reports expects the new Tesla Model 3 to receive "Average" ratings for its reliability. Every year, the magazine surveys new vehicle reliability and provides a scorecard that consumers can use when making decisions about buying a new car. Toyota has ranked number one for reliability for five years in a row.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 2,558. Bitcoin jumped $143 to $5,649.


First time applications for unemployment benefits fell to a 44-year low but the markets opened lower with the Dow losing 50 points to 23,107 as investors locked in profits. Nasdaq tumbled 41 points to 6,583.


On the upside


Adobe Systems (Nasdaq: ADBE) forecast fiscal 2018 earnings and revenue ahead of analyst expectations.


Danaher (NYSE: DHR) reported sharply higher third quarter earnings that beat estimates.


AngloGold Ashanti (NYSE: AU) will sell its Moab Khotsong mine to Harmony Gold (NYSE: HMY) and a Chinese investment firm.

 

On the downside


Shares of TAL Education Group (NYSE: TAL) fell ahead of its earnings release next week.


Ctrip.com International (Nasdaq: CTRP) will report third quarter results on Wednesday, November 1, after market close.

 

Norwegian Cruise Line (Nasdaq: NCLH) has retrofitted two more ships with exhaust gas cleaning systems.


In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 fell 8 points to 2,553. Bitcoin surged $224 to $5,730.


Solid earnings boost markets

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Solid earnings from IBM lifted the Dow to a higher close with the blue chip index leaping 160 points to 23,157. Nasdaq edged up a fraction to 6,624.


On the upside


Shares of Qudian (NYSE: QD) surged on its first trading day.


Bargain hunters lifted shares of Veritone (Nasdaq: VERI).


Investors snapped up shares of Viking Therapeutics (Nasdaq: VKTX).

 

On the downside


Supervalu (NYSE: SVU) reported a loss for the second quarter and announced an agreement to acquire Associated Grocers of Florida.


Shares of Immune Design (Nasdaq: IMDZ) extended its losses.

 

JPMorgan resumed coverage of Virtu Financial (Nasdaq: VIRT) with an Underweight rating.


In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 added a point to 2,561. Bitcoin plunged $157 to $5,418.


Strong earnings lift markets

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Strong earnings news lifted the markets to a sharply higher open with the Dow soaring 90 points to 23,087. Nasdaq gained 11 points to 6,634.


On the upside


International Business Machines (NYSE: IBM) reported better than expected third quarter earnings and revenue.


Spectrum Pharmaceuticals (Nasdaq: SPPI) presented encouraging interim data for its Phase 2 clinical trial of poziotinib to treat EGFR Exon 20 Mutant Non-Small Cell Lung Cancer.


Bank of America/Merrill Lynch lifted its price target on Cree (Nasdaq: CREE) from $31.00 to $32.00.

 

On the downside


Shares of MannKind (Nasdaq: MNKD) extended its losses.


MobileIron (Nasdaq: MOBL) announced the immediate departure of chief executive Barry Mainz and forecast third quarter revenue that fell short of analyst expectations.

 

Stifel Nicolaus lifted its price target on Synchronoss Technologies (Nasdaq: SNCR) from $10.00 to $12.00 but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2,562. Bitcoin crashed $463 to $5,111.


The markets closed modestly higher with the Dow gaining 40 points to 22,997 as import and export prices rose more than expected in September. Nasdaq held steady at 6,623.


On the upside


Brookfield Renewable Partners (NYSE: BEP) completed its acquisition of a 51% interest in TerraForm Power (Nasdaq: TERP).


Syntel (Nasdaq: SYNT) reversed year ago losses to post a stronger than expected profit for the third quarter.


Stifel Nicolaus affirmed its Buy rating on Cloud Peak Energy (NYSE: CLD).

 

On the downside


Wells Fargo downgraded Immune Design (Nasdaq: IMDZ) from an Outperform rating to a Market Perform rating.


Shares of Ardelyx (Nasdaq: ARDX) extended its losses.

 

Aveo Oncology (NYSE: AVEO) will present results from the Phase 1 portion of the Phase 1/2 TiNivo study at the 16th International Kidney Cancer Symposium.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added a point to 2,559. Bitcoin plummeted $123 to $5,581.


The markets traded mixed during the midday with the Dow rising 18 points to 22,975 while Nasdaq slipped 2 points to 6,621.


GPS device maker Garmin introduced a new Alexa enabled speaker for use in cars. The compact Garmin Speak mounts on the front windshield, connects to speakers through the car stereo system and works through a smartphone app. The Speak provides driving directions, plays music and can receive incoming calls.


Airbus will acquire a 50.01% stake in Bombardier's CSeries aircraft program for $1.00 and its marketing services. Airbus may use its Alabama assembly facility to build CSeries jets in order to exempt the aircraft from a proposed 300% tariff that the U.S. Commerce Department was pursuing. Boeing had accused Canadian Bombardier earlier this year of dumping its CSeries jets in the U.S. at unfairly low prices.


UBS surveyed its bankers in London about their relocation preferences. In order to offer its products and services across the European Union, the Swiss bank must maintain a subsidiary in an EU country. Amsterdam, Frankfurt and Madrid are the three options that UBS is considering for its post Brexit operations.


In the broad market, declining issues outpaced advancers 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 eased a point to 2,556. Bitcoin tumbled $98 to $5,606.


Flat open over mixed earnings

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The markets opened flat with the Dow slipping 4 points to 22,952 over mixed earnings. Nasdaq lost 3 points to 6,621.


On the upside


Spirit Airlines (Nasdaq: SAVE) lifted its third quarter revenue per available seat mile guidance.


UnitedHealth Group (NYSE: UNH) reported higher third quarter earnings that topped analyst estimates.


Bargain hunters lifted shares of PG&E (NYSE: PCG).

 

On the downside


Business jet deliveries fell for Embraer (NYSE: ERJ) in the third quarter.


Falling gold prices weighed down shares of IAMGOLD (NYSE: IAG).

 

Economics and Money recommended Avon (NYSE: AVP) over Coty (NYSE: COTY) in the beauty products market.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,557. Bitcoin plunged $127 to $5,577.


Upbeat earnings lift markets

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The markets closed higher with the Dow climbing 85 points to 22,956 on upbeat earnings. Nasdaq gained 18 points to 6,624.


On the upside


Shares of CarGurus (Nasdaq: CARG) continued to soar.


Health Insurance Innovations (Nasdaq: HIIQ) reported record preliminary third quarter revenue.


Novocure (Nasdaq: NVCR) will make five data presentations at the International Associations for the Study of Lung Cancer 18th World Conference on Lung Cancer this week in Yokohama, Japan.

 

On the downside


Ardelyx (Nasdaq: ARDX) reported positive preclinical data for tenapanor in treating abdominal pain caused by irritable bowel syndrome with constipation but the stock price continued to fall as investors locked in profits.


Fairholme Capital Management fund manager Bruce Berkowitz resigned from the board of Sears Holdings (Nasdaq: SHLD).

 

Shares of Tandem Diabetes Care (Nasdaq: TNDM) extended its losses.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by nearly 9 to 8 on Nasdaq. The broader S&P 500 rose 4 points to 2,557. Bitcoin surged $135 to $5,687.


Tesla fired hundreds of employees

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The markets traded higher during the midday with the Dow climbing 59 points to 22,930. Nasdaq rose 10 points to 6,616.


Hundreds of employees have been fired by Tesla after annual performance reviews were conducted and as production problems plagued the recently launched Model 3. People who lost their jobs included factory workers, salespeople, engineers, and managers. Tesla employees more than 33,000 workers.


Aramark will pay a total of approximately $2.35 billion to acquire Avendra and AmeriPrice Services. Privately held Avendra is a hospitality procurement services provider based in Maryland. The purchase of uniform and linen rental and supply company AmeriPride Services is expected to generate annual cost savings of approximately $70 million.


The Financial Industry Regulatory Authority has ordered Wells Fargo to return $3.4 million to customers who were sold inappropriate investment products. The regulatory agency said that at least 1,300 accounts were sold risky exchange traded products between July 2010 and May 2012. As part of the settlement, Wells Fargo neither denied nor admitted to any wrongdoing. 


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,555. Bitcoin surged $149 to $5,702.


Investor optimism lifts markets

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Investor optimism lifted the markets to a higher open with the Dow gaining 21 points to 22,892 . Nasdaq rose 17 points to 6,622.


On the upside


The Food and Drug Administration granted priority review to Exelixis (Nasdaq: EXEL) for its Cabometyx to treat advanced renal cell carcinoma.


Sohu.com (Nasdaq: SOHU) will report third quarter results before the U.S. market opens on Friday, October 27, 2017.


Rising copper prices lifted shares of Hudbay Minerals (NYSE: HBM) and Freeport-McMoRan (NYSE: FCX).

 

On the downside


Nordstrom (NYSE: JWN) suspended its efforts to take the company private.


Shares of PG&E (NYSE: PCG) extended its losses.

 

Nordea Investment Management sold 4,988 shares of Macom Technology Solutions (Nasdaq: MTSI).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 2 points to 2,555. Bitcoin soared $127 to $5,679.


A strong 1.6% gain in September retail sales lifted the markets to a higher close with the Dow gaining 30 points to 22,871. Nasdaq rose 14 points to 6,605.


On the upside


Shares of OptiNose (Nasdaq: OPTN) surged in its market debut.


Sohu.com's (Nasdaq: SOHU) subsidiary Sogou has filed a registration statement for a proposed initial public offering.


Analysts expect Lannett (NYSE: LCI) to report first quarter revenue of $153.21 million.

 

On the downside


Profit taking weighed down shares of Infinity Pharmaceuticals (Nasdaq: INFI).


Tandem Diabetes Care (Nasdaq: TNDM) priced its public offering of common stocks and warrants at a discount.

 

Applied Optoelectronics (Nasdaq: AAOI) warned that third quarter earnings and revenue would fall short of previous guidance.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,553. Bitcoin leaped $301 to $5,589.


Facebook users can now order food

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The markets traded higher during the midday with the Dow gaining 41 points to 22,882. Nasdaq rose 17 points to 6,608.


Facebook users now will be able to order food through the social networking site. Orders can be placed with restaurants that have partnered with Facebook such as Chipotle, Five Guys and Papa John's or through food ordering services such as Delivery.com, DoorDash and EatStreet. The new food ordering feature is found by going to Explore, then Order Food.


Ford has offered to make repairs free of charge to 1.4 million Ford Explorer sport utility vehicles to prevent exhaust from entering the cabins. More than 2,700 complaints have been filed by customers that exhaust orders were noticed inside the vehicles. While the automaker said that it did not find hazardous levels of carbon monoxide inside the SUVs, the company will reprogram the air conditioner, inspect sealing and replace lift gate drain valves.


Google pledged to invest $1 billion to assist workers adjust to the changing job environment. The funds will be donated to nonprofit organizations over the next five years to fund education, economic opportunity and inclusion. Goodwill will receive $10 million for its Goodwill Digital Career Accelerator to provide 1 million people with digital skills and career opportunities. 


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while advancing issues barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added 3 points to 2,554. Bitcoin soared $206 to $5,494.


Higher open as CPI rises

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The markets opened higher with the Dow rising 34 points to 22,876 as the consumer price index rose 0.5% in September. Nasdaq gained 22 points to 6,613.


On the upside


ArcelorMittal (NYSE: MT) announced the early tender results of its tender offers.


Sfe Investment Counsel increased its stake in Cleveland-Cliffs (NYSE: CLF) by $1.21 million.


HP (NYSE: HPQ) forecast 2018 earnings at the high end of analyst expectations.

 

On the downside


Officials in California are investigating the possibility that strong winds knocked down PG&E (NYSE: PCG) power lines that in turn may have sparked the wildfires raging in northern California.


President Donald Trump's threat to end health insurance subsidies for low income patients sent shares of Centene (NYSE: CNC) and Molina Healthcare (NYSE: MOH) plummeting.

 

Wells Fargo (NYSE: WFC) reported lower third quarter earnings and revenue.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 2,555. Bitcoin leaped $325 to $5,613.


Lower close as Obamacare weakened

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The markets closed lower with the Dow losing 31 points to 22,841 after President Donald Trump signed an executive order that weakened Obamacare. Nasdaq fell 12 points to 6,591.


On the upside


Shares of CarGurus (Nasdaq: CARG) surged in its market debut.


OrthoPediatrics (Nasdaq: KIDS) stock leaped on its first trading day.


Ardelyx (Nasdaq: ARDX) reported positive results from a Phase 3 study of tenapanor to treat irritable bowel syndrome with constipation.

 

On the downside


J.Jill (NYSE: JILL) slashed its third quarter earnings outlook prompting downgrades.


The Food and Drug Administration rejected AcelRx Pharmaceuticals' (Nasdaq: ACRX) acute pain treatment Dsuvia in its present form.

 

NanoString Technologies (Nasdaq: NSTG) reported preliminary third quarter revenue that missed previous guidance.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while decliners edged out advancers by more than 4 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 2,550. Bitcoin rocketed $518 to $5,312.


GM to idle Detroit-Hamtramck plant

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The markets traded mixed during the midday with the Dow slipping 3 points to 22,869. Nasdaq added 2 points to 6,605.


General Motors will idle its Detroit-Hamtramck factory that makes four sedan models beginning in mid-November for six weeks. Passenger car sales have slumped as customers purchase more sport utility vehicles and pickup trucks. When the plant resumes operations, production will be cut by approximately 20%.


Amazon plans to hire 120,000 temporary workers for the holiday shopping season. Most of the new employees will be staffing 75 fulfillment centers across the nation to assemble and package items for shipment. Amazon expects to transition approximately 14,000 temporary seasonal workers into full time jobs after the holidays.


AT&T reported a sharp loss of 90,000 video subscribers in the third quarter as less expensive streaming options have lured away customers. Approximately 300,000 new customers were added to AT&T's lower cost DirecTV Now, but the company lost 390,000 subscribers from its pricier satellite and U-verse services. AT&T also blamed customer losses on the multiple hurricanes that devastated the southern coastal states.


In the broad market, advancing issues outpaced decliners by a margin of 6 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 eased a point to 2,554. Bitcoin rocketed $465 to $5,259.


Lower open as earnings disappoint

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The markets opened lower with the Dow slipping 18 points to 22,854 on disappointing earnings. Nasdaq lost 9 points to 6,594.


On the upside


Piper Jaffray lifted its price target on Zendesk (NYSE: ZEN) from $33.00 to $35.00.


ZTO Express (NYSE: ZTO) will increase its delivery prices.


DXC Technology (NYSE: DXC) will combine its U.S. Public Sectors business with Vencore Holding and KeyPoint Government Solutions to form a separate, publicly traded company.

 

On the downside


Blackhawk Network Holdings (Nasdaq: HAWK) widened losses for the third quarter and lowered its full year outlook.


A shoplifter stole $2,800 worth of merchandise from an Ulta Beauty (Nasdaq: ULTA) store.

 

Kirkland Lake Gold (NYSE: KL) reported strong third quarter operating results but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 3 points to 2,552. Bitcoin leaped $400 to $5,195.


Minutes from the Federal Reserve's September meeting indicated that some members advocated for interest rates to be held steady rather than lifted at the end of the year. The markets closed higher with the Dow gaining 42 points to 22,872. Nasdaq rose 16 points to 6,603.


On the upside


Credit Suisse analyst Stephen Ju lifted his price target on Snap (NYSE: SNAP) from $17.00 to $20.00.


Phoenix New Media (NYSE: FENG) extended a trademark license agreement with certain entities.


Seattle Genetics (Nasdaq: SGEN) entered into two clinical collaboration agreements to evaluate SGN-LIV1A to treat triple negative breast cancer.

 

On the downside


Barracuda Networks (NYSE: CUDA) reported lower second quarter earnings even as revenue rose.


VOXX International (Nasdaq: VOXX) reported sharply higher second quarter earnings but revenue fell.

 

The German Federal Patent Court issued a preliminary opinion against Xperi (Nasdaq: XPER) in a patent dispute.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 rose 4 points to 2,555. Bitcoin rose $8 to $4,826.


Qualcomm fined more than $770 million

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The markets turned positive during the midday with the Dow rising 10 points to 22,841. Nasdaq added 5 points to 6,592.


Qualcomm was fined more than $770 million by the Taiwan Fair Trade Commission for engaging in anti-trust practices. The regulatory agency began investigating the chipmaker in February 2015 for abusing its monopoly of the CDMA, WCDMA and LTE chip market. Qualcomm must also negotiate contracts and update the Commission on its progress every six months.


Delta Air Lines said that it will not pay a proposed 300% tariff on Bombardier CSeries jets. The U.S. Commerce Department imposed a preliminary tariff on Bombardier for dumping the CSeries jets at a steeply discounted price that was financed by Canadian government subsidies. The proposed tariffs must be approved by the U.S. International Trade Commission before taking effect.


Coach will change its corporate name to Tapestry as the company expands its brand offerings. The luxury handbag maker acquired shoemaker Stuart Weitzman in 2015 for approximately $574 million and fashion design house Kate Spade earlier this year for approximately $2.4 billion. The company will begin trading under the ticker symbol TPR on the New York Stock Exchange on October 31.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added a point to 2,552. Bitcoin rose $1 to $4,819.


Flat open ahead of earnings

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The markets opened flat with the Dow slipping 3 points to 22,827 as investors digested earnings news. Nasdaq eased a point to 6,586.


On the upside


Kroger (NYSE: KR) will explore strategic alternatives for its convenience store business including a possible sale.


Pretium Resources (NYSE: PVG) reported that it produced 82,203 ounces of gold at its Brucejack Mine in the third quarter.


A preliminary review by the Food and Drug Administration determined that Aerie Pharmaceuticals' (Nasdaq: AERI) Rhopressa lowered eye pressure.

 

On the downside


Wells Fargo resumed coverage of Dick's Sporting Goods (NYSE: DKS) with a Market Perform rating.


Fastenal (Nasdaq: FAST) reported higher third quarter earnings and revenue but investors were disappointed that the results failed to beat expectations.

 

Bank of America/Merrill Lynch downgraded Juniper Networks (NYSE: JNPR) from a Buy rating to a Neutral rating.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 held steady at 2,550. Bitcoin tumbled $48 to $4,770.


The markets closed higher with the Dow climbing 69 points to 22,830 after Catalan President Carles Puigdemont suspended its declaration of independence from Spain. Nasdaq rose 7 points to 6,587.


On the upside


AnaptysBio (Nasdaq: ANAB) reported positive proof-of-concept data from an ongoing Phase 2a clinical trial of ANB020 to treat moderate to severe atopic dermatitis.


KalVista Pharmaceuticals (Nasdaq: KALV) entered a collaboration agreement with Merck (NYSE: MRK).


H.C. Wainwright analyst Oren Livnat initiated coverage of MannKind (Nasdaq: MNKD) with a Buy rating and a $7.00 price target.

 

On the downside


Scotiabank reiterated its Hold rating on Apache (NYSE: APA).


Shares of Catabasis Pharmaceuticals (Nasdaq: CATB) continued to fall.

 

New Jersey Attorney General Christopher S. Perrino filed a suit against Insys Therapeutics (Nasdaq: INSY) alleging that the specialty pharmaceutical engaged in aggressive marketing tactics including off label uses of its opioid fentanyl drug Subsys.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 5 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 2,550. Bitcoin surged $63 to $4,866.


Nokia ends Ozo VR camera development

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The markets advanced during the midday with the Dow gaining 44 points to 22,805. Nasdaq added 4 points to 6,583.


Nokia will end development of its Ozo VR camera and cut up to 310 positions. The $60,000 device with eight synchronized shutter sensors and microphones never found an audience. Nokia Technologies will focus its resources on digital health devices as well as patent and brand licensing. 


The U.S. Supreme Court asked the Department of Justice for its opinion about a potential class action lawsuit against Apple for charging high commissions in its App Store. Apple is seeking dismissal of the case with the argument that only app developers have the right to sue over the commissions since it is the developers who pay the commission. The lawsuit in question was filed by consumers.


Hulu has cut the price of its entry-level plan by $2.00 to $5.99 per month. The offer is available for new customers for the first year of service with the price rising to $7.99 after the first year. While the plan comes with limited commercials, a commercial free plan is available for $11.99 per month.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 5 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 4 points to 2,549. Bitcoin climbed $62 to $4,865.


Mixed open ahead of earnings

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The markets opened mixed with the Dow rising 23 points to 22,784 as investors await earnings news. Nasdaq gained 22 points to 6,602.


On the upside


United Continental Holdings (NYSE: UAL) reported a 1.7% gain in consolidated capacity in September.


Nutanix's (Nasdaq: NTNX) Enterprise Cloud Platform software has been certified to run Cloudera Enterprise workloads.


American Airlines (Nasdaq: AAL) lifted its total revenue per available seat mile outlook for the third quarter.

 

On the downside


Morgan Stanley downgraded Symantec (Nasdaq: SYMC) from an Overweight rating to an Equal Weight rating.


Axalta Coating System (NYSE: AXTA) lowered its full year earnings and revenue outlook.

 

Shares of Sprint (NYSE: S) fell for the fifth day.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 9 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2,549. Bitcoin slipped $5 to $4,797.


Lower close on light trading day

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The markets closed lower on a light trading day with the Dow slipping 12 points to 22,761. Nasdaq lost 10 points to 6,579.


On the upside


Piper Jaffray initiated coverage of Altimmune (Nasdaq: ALT) with an Overweight rating.


Helix Energy Solutions Group (NYSE: HLX) is exploring strategic options including a potential sale.


Goldman Sachs upgraded MuleSoft (NYSE: MULE) from a Neutral rating to a Buy rating.

 

On the downside


Profit taking weighed down shares of Marinus Pharmaceuticals (Nasdaq: MRNS).


Investors locked in profits on Endocyte (Nasdaq: ECYT).

 

A disappointingly poor opening weekend for Blade Runner 2019 weighed down shares of AMC Entertainment (NYSE: AMC).


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 4 points to 2,544. Bitcoin leaped $221 to $4,803.


GM acquires LIDAR startup Stobe

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The markets traded lower during the midday with the Dow slipping 26 points to 22,746. Nasdaq lost 17 points to 6,572.


General Motors has acquired startup Strobe as part of the automaker's plans to develop self driving cars. Strobe developed a single chip LIDAR system that will significantly slash production cost for the sensors. Strobe's system measures distance from the vehicle to objects in the road such as other vehicles and pedestrians as well as the velocity of the objects.


Google parent Alphabet received approval from the Federal Communications Commission to deploy its Project Loon balloons to restore cellular service to Puerto Rico. Nearly three weeks after Hurricane Maria destroyed homes, buildings and the island's fragile infrastructure, approximately 83% of residents still do not have cell service. Project Loon's balloons must be integrated into a telecommunications company's network in order to enable LTE connectivity.


Qualcomm submitted proposals to the European Commission in order to win approval of the company's proposed acquisition of NXP Semiconductors. Regulators had raised antitrust concerns and initiated an investigation in June over potential increases in prices. Details of the proposed concessions have not been released.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2,542. Bitcoin rocketed $201 to $4,782.


Flat open ahead of earnings

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The markets opened flat with the Dow adding 6 points to 22,779 ahead of third quarter earnings reports. Nasdaq rose 7 points to 6,597.


On the upside


OneMain Holdings (NYSE: OMF) will sell itself.


Shares of Herbalife (NYSE: HLF) continued to rise.


Analysts are optimistic about Advanced Micro Devices' (Nasdaq: AMD) new 14nm Ryzen CPU.

 

On the downside


K2M Group Holdings (Nasdaq: KTWO) reported preliminary third quarter revenue that was lower than expected and trimmed its full year forecast.


JP Morgan downgraded DaVita (NYSE: DVA) from a Neutral rating to an Underweight rating.

 

Investors locked in profits on Switch (NYSE: SWCH).


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 2,551. Bitcoin surged $68 to $4,650.


The markets closed flat with the Dow easing a point to 22,773 after the number nonfarm jobs fell. Nasdaq added 4 points to 6,590.


On the upside


Shares of Switch (NYSE: SWCH) surged in its market debut.


Herbalife (NYSE: HLF) reported that approximately 6.7 million common shares of stock were tendered through its modified Dutch auction.


The Food and Drug Administration approved Flexion Therapeutics' (Nasdaq: FLXN) non-opioid steroid injection to treat knee pain.

 

On the downside


Investors locked in profits on Rhythm Pharmaceuticals (Nasdaq: RYTM).


Retreating crude oil prices weighed down shares of Zion Oil & Gas (Nasdaq: ZN).

 

Shares of Catabasis Pharmaceuticals (Nasdaq: CATB) continued to drop.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 slipped 2 points to 2,549. Bitcoin gained $17 to $4,342.


Sprint and T-Mobile finalizing talks

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The markets traded lower during the midday with the Dow losing 19 points to 22,755. Nasdaq slipped 2 points to 6,582.


Sprint and T-Mobile US are finalizing the details of an anticipated merger. The two wireless carriers are completing their due diligence in order to set an exchange ratio and discussing potential members of a new combined executive management team. An announcement is expected at the end of the month.


Tesla chief executive Elon Musk has offered to work with Puerto Rico to provide electricity to its 3.4 million residents who lost power during Hurricane Maria. Two weeks after the devastating hurricane, more than 90% of Puerto Ricans still have no power. Tesla's SolarCity unit can build solar energy grids with batteries, solar panels and solar roof tiles.


AOL Instant Messenger will be taken offline on December 15 after 20 years of connecting its users. The desktop instant messaging service was popular in the late 1990's and 2000's but never made the transition to smartphones as people began using social networks such as Facebook, messaging apps like Snapchat and texting. The demise of AIM was announced on Twitter and Tumblr.


In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 lost 5 points to 2,546. Bitcoin gained $18 to $4,343.


A 33,000 drop in the nation's payrolls weighed the markets down to a lower open with the Dow losing 13 points to 22,762. Nasdaq fell 19 points to 6,566.


On the upside


Qiagen (Nasdaq: QGEN) launched its fourth generation QuantiFERON-TB Gold Plus blood test for tuberculosis in the U.S.


Omega Protein (NYSE: OME) will be acquired by Cooke for a premium of approximately $500 million in cash.


Synchronoss Technologies (Nasdaq: SNCR) has restarted discussions with Siris Capital Partners for a potential transaction.

 

On the downside


Costco Wholesale (Nasdaq: COST) reported higher fourth quarter earnings and revenue but margins shrank.


Retreating crude oil prices weighed down shares of Oasis Petroleum (NYSE: OAS) and QEP Resources (NYSE: QEP).

 

Shares of offshore drilling services provider Noble (NYSE: NE) fell along with energy stocks.


In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 lost 5 points to 2,547. Bitcoin gained $25 to $4,350.


The markets advanced to close sharply higher with the Dow leaping 113 points to 22,775 as the nation's trade deficit narrowed. Nasdaq soared 50 points to 6,585.


On the upside


Shares of Rhythm Pharmaceuticals (Nasdaq: RYTM) leaped on its first trading day.


MannKind (Nasdaq: MNKD) stock surged for the third day in a row.


CareDx (Nasdaq: CDNA) priced its public offering of approximately 4.3 million common shares at the discounted price of $4.00 per share.

 

On the downside


NeoPhotonics (NYSE: NPTN) announced a restructuring plan and reported preliminary third quarter results that fell short of previous guidance.


Philips Healthcare notified Digirad (Nasdaq: DRAD) that their consolidated agreement would end on December 31, 2017.

 

ImmunoGen (Nasdaq: IMGN) announced a public offering of 13 million shares of common stock.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 14 points to 2,552. Bitcoin leaped $134 to $4,348.


Netflix raises fees

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The markets advanced during the midday with the Dow soaring 92 points to 22,753. Nasdaq climbed 39 points to 6,574.


Netflix will increase the monthly subscription fees for two of its plans beginning in November. The midrange plan that allows two devices to stream at the same time will increase by $1.00 to $10.99 from $9.99 while the high end plan that allows streaming on four devices will rise by $2.00 to $13.99 per month from $11.99. The new rates will only apply to plans in the United States.


Dunkin' Donuts will slash the variety of donuts that it offers from 40 to between 18 to 24. The company is redirecting resources to its more lucrative and profitable beverage offerings. A new store that recently opened in Pasadena, California has dropped the Donuts from its name and is simply called Dunkin'.


Greece fined several cosmetics companies for anti-trust violations. The  anti-trust commission of Greece ruled that L'Oreal, Christian Dior, Estee Lauder and three Greek cosmetics companies agreed on discounts  on products and indirectly fixed prices. Christian Dior was fined 1.8 million euros while Estee Lauder was fined 5.4 million euros and L'Oreal was fined 2.6 million euros.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 gained 12 points to 2,550. Bitcoin soared $117 to $4,331.


Higher open as jobless claims drop

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A greater than expected drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow adding 8 points to 22,669. Nasdaq gained 18 points to 6,552.


On the upside


Freeport-McMoRan (NYSE: FCX) will improve efficiency by digitally connecting its mining operations.


Norwegian Cruise Line (Nasdaq: NCLH) will join the S&P 500 before market open on Friday, October 13.


Constellation Brands (NYSE: STZ) reported higher second quarter earnings that beat expectations prompting the company to lift its full year earnings outlook.

 

On the downside


Navient (Nasdaq: NAVI) will pay approximately $155 million in cash to acquire Earnest.


Citron Research said that Shopify (NYSE: SHOP) was overvalued.

 

Morgan Stanley downgraded Celgene (Nasdaq: CELG) from an Equal Weight rating to an Underweight rating.


In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2,540. Bitcoin soared $97 to $4,310.


The markets closed higher with the Dow rising 19 points to 22,661 as the nation's services sector expanded at its fastest pace in 12 years. Nasdaq added 2 points to 6,534.


On the upside


Intelsat (NYSE: I) and Intel (Nasdaq: INTC) submitted a proposal to access the midband spectrum of 3.7 to 4.2 GHz for 5G services.


CytomX Therapeutics (Nasdaq: CTMX) entered a strategic collaboration agreement with Amgen (Nasdaq: AMGN) to jointly develop a CytomX Probody T-cell engaging bispecific against the Epidermal Growth Factor Receptor.


Shares of MannKind (Nasdaq: MNKD) extended its gains.

 

On the downside


Sequans Communications (NYSE: SQNS) lowered its third quarter revenue guidance.


Office Depot (Nasdaq: ODP) will pay approximately $1 billion to acquire CompuCom Systems.

 

Strongbridge Biopharma (Nasdaq: SBBP) priced its public offering of 4 million common shares at the discounted price of $6.25 per share.


In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The broader S&P 500 rose 3 points to 2,537. Bitcoin tumbled $60 to $4,204.


The markets traded mixed with the Dow rising 22 points to 22,664. Nasdaq lost 9 points to 6,522.


Google introduced its new Pixel 2 and Pixel 2 XL smartphones at its annual event today. The Pixel 2 looks very similar to the Pixel while the display of the Pixel 2 XL expanded to 6 inches from the original Pixel's 5.5-inch display. Google also launched the Pixelbook laptop with a touch screen and 10 hour battery, Google Home Mini speaker and Google Home Max.


The European Union has ordered Amazon to pay $295 million in back taxes to Luxembourg. Regulators said that the online retailer has been paying an unfairly low special tax for the past 14 years. Both Amazon and Luxembourg said that they may appeal the ruling.


Samsung announced its HMD Odyssey high-end virtual reality headset which comes with built-in microphones and dual AMOLED displays. Users will experience an immersive 110-degree field of view supported by Microsoft's Mixed Reality platform. The device is priced at $499 and will begin shipping in November, just in time for the holiday shopping season.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 added a point to 2,536. Bitcoin tumbled $61 to $4,203.


Mixed open as crude oil eases

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The markets opened mixed with the Dow adding 4 points to 22,645 while Nasdaq lost 10 points to 6,521 as crude oil prices eased.


On the upside


The Food and Drug Administration approved Mylan's (Nasdaq: MYL) generic version of Copaxone.


Amicus Therapeutics (Nasdaq: FOLD) announced additional positive data from a Phase 1/2 study of ATB200/AT2221 in patients with Pompe disease.


Piper Jaffray expects Netflix (Nasdaq: NFLX) subscriptions to surpass expectations in the third quarter.

 

On the downside


Mylan's (Nasdaq: MYL) generic version of Teva Pharmaceutical's (NYSE: TEVA) Copaxone was approved by the Food and Drug Administration.


Shopify (NYSE: SHOP) expanded its Shopping on Instagram feature but the stock price fell.

 

Okta's (Nasdaq: OKTA) lockup period expires today.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 eased a point to 2,533. Bitcoin tumbled $53 to $4,210.


Strong auto sales lift markets

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Strong September auto sales lifted the markets to a higher close with the Dow climbing 84 points to 22,641. Nasdaq rose 15 points to 6,531.


On the upside


Endocyte (Nasdaq: ECYT) entered an exclusive worldwide license for PSMA-617 and will begin Phase 3 development of Lu-PSMA-617 to treat prostate cancer.


The Food and Drug Administration approved an update to MannKind's (Nasdaq: MNKD) Afrezza prescribing information.


Fairmount Santrol (NYSE: FMSA) may be acquired by SCR-Sibelco.

 

On the downside


Tile Shop Holdings (Nasdaq: TTS) warned that third quarter revenue would fall short of expectations.


Profit taking weighed down shares of Aralez Pharmaceuticals (Nasdaq: ARLZ).

 

Investors locked in profits on Roku (Nasdaq: ROKU).


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 3 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2,534. Bitcoin tumbled $85 to $4,286.


Fiat Chysler recalls 646,394 SUVs

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The markets extended is gains during the midday with the Dow climbing 76 points to 22,633. Nasdaq gained 7 points to 6,524.


Fiat Chysler will recall approximately 646,394 vehicles to fix a problem with the brakes. Model year 2011-2014 Dodge Durango and Jeep Grand Cherokee SUVs may have brake booster shields that were improperly installed. The shields are supposed to protect the brake boosters from corrosion and were first installed as part of a 2014 recall of the same vehicles.


Walmart may offer same day delivery in New York. The world's largest retailer acquired delivery startup Parcel to provide last-mile delivery for fresh groceries and general merchandise. Parcel employs 7 full time workers and 45-50 part time workers who manage operations and deliver packages 24 hours a day.


The European Commission is expected to order Amazon to pay millions of euros in unpaid taxes to Luxembourg. The regulator has been investigating a sweetheart tax deal between Amazon and Luxembourg that capped the amount of taxes that the online retailer paid. Amazon has denied receiving special treatment from Luxembourg.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while advancers barely edged out declines by a slim margin on Nasdaq. The broader S&P 500 rose 3 points to 2,532. Bitcoin plummeted $92 to $4,279.


Higher open on upbeat earnings

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The markets opened higher with the Dow rising 7 points to 22,564 on upbeat earnings news. Nasdaq gained 7 points to 6,523.


On the upside


Lennar (NYSE: LEN) reported higher third quarter earnings and revenue that topped analyst estimates.


First quarter earnings and revenue for Paychex (Nasdaq: PAYX) rose to surpass expectations.


Advanced Micro Devices (Nasdaq: AMD) introduced its new AMD Embedded Radeon E9170 Series graphic processing unit.

 

On the downside


Production of Tesla's (Nasdaq: TSLA) Model 3 mass market sedan fell far short of expectations.


Urban Outfitters (Nasdaq: URBN) settled a trademark infringement suit filed against the company by Coachella.

 

Motley Fool noted that most of Cameco's (NYSE: CCJ) contracts expire in 2021.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 added a point to 2,530. Bitcoin plunged $126 to $4,245.


Upbeat manufacturing activity data boosted the markets to a sharply higher close with the Dow leaping 152 points to 22,557. Nasdaq climbed 20 points to 6,516


On the upside


The Food and Drug Administration granted Breakthrough Therapy Designation to Seattle Genetics' (Nasdaq: SGEN) ADCETRIS in combination with chemotherapy for the frontline treatment of advanced classical Hodgkin lymphoma.


Olin (NYSE: OLN) lifted the Force Majeure that was declared on August 31, 2017.


A Barron's article made favorable comments about LiLAC Group (Nasdaq: LILAK).

 

On the downside


Morgan Stanley downgraded bluebird bio (Nasdaq: BLUE) from an Equal Weight rating to an Underweight rating.


Dentsply Sirona (Nasdaq: XRAY) chief executive Jeffrey Slovin, chief operating officer Christopher Clark and chairman Bret Wise have all resigned.

 

UBS downgraded HCP (NYSE: HCP) from a Neutral rating to a Sell rating.


The broader S&P 500 rose 9 points to 2,529. Bitcoin surged $77 to $4,400.


The markets advanced during the midday with the Dow soaring 132 points to 22,537. Nasdaq rose 15 points to 6,511


General Motors will slowly transition from making traditional internal combustion engine vehicles to electric vehicles. The automaker will introduce two new electric vehicles over the next 18 months and plans to add 20 new electric vehicles around the world by 2023. Regulators in Europe and China may ban gas and diesel cars by 2030 or 2040.


After revealing that Russian entities paid for ads to influence the presidential 2016 election, Facebook is taking steps to increase the scrutiny of ads. Organizations that want to buy political ads will be required to produce documentation about their business. The social network will hire 1,000 more people to review ad submissions.


Roku has updated some of its streaming video players and introduced a few new products in order to stay competitive in an increasingly crowded market. The new Roku Streaming Stick Plus, priced at $69.99, supports HDR and 4K Ultra HD while processor updates were made for both the Roku Express and Roku Express Plus. The products are currently available for pre-order and will be available on October 8.


The broader S&P 500 gained 8 points to 2,527. Bitcoin climbed $66 to $4,389.


A strong gain in manufacturing activity lifted the markets to a higher open with the Dow rising 18 points to 22,423. Nasdaq gained 11 points to 6,506


On the upside


An appeals court overturned a $663 million fraud verdict against Trinity Industries (NYSE: TRN).


Morgan Stanley upgraded Sarepta Therapeutics (Nasdaq: SRPT) from and Equal Weight rating to an Overweight rating and lifted its price target from $33.00 to $60.00.


General Motors (NYSE: GM) is expected to have sold a record number of Chevrolet Bolt EVs in September.

 

On the downside


Nordstrom (NYSE: JWN) may not be able to secure the necessary financing to go private.


Laredo Petroleum (NYSE: LPI) will sell its interest in Medallion Gathering & Processing.

 

A deadly shooting in Las Vegas sent shares of MGM Resorts International (NYSE: MGM) lower.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 2 points to 2,521. Bitcoin leaped $100 to $4,423.


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