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.


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This page contains a single entry by published on October 12, 2017 6:50 AM.

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