Lower open as jobless claims rise more than expected

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First time applications for unemployment benefits rose more than expected last week to weigh the markets down to a lower open with the Dow falling 71 points to 23,492. Nasdaq tumbled 52 points to 6,737.


On the upside


Sage Therapeutics (Nasdaq: SAGE) reported positive results from two Phase 3 clinical trials of its severe postpartum depression treatment brexanolone.


Third quarter revenue surged for Roku (Nasdaq: ROKU).


Coty (NYSE: COTY) reported a smaller than expected loss for the first quarter.

 

On the downside


Opko Health (Nasdaq: OPK) widened third quarter losses as revenue fell.


CenturyLink (NYSE: CTL) disappointed with lower third quarter earnings and revenue that fell short of expectations. 


Pan American Silver (Nasdaq: PAAS) reported sharply lower third quarter earnings and revenue.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 10 points to 2,584. Bitcoin plunged $169 to $7,230.


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This page contains a single entry by published on November 9, 2017 6:50 AM.

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