Modestly higher close as GOP hashes out tax plan

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The markets closed in positive territory with the Dow gaining 17 points to 23,439 as investors continued to monitor tax plan developments. Nasdaq rose 6 points to 6,757.


On the upside


Brookfield Property Partners (NYSE: BPY) offered $14.8 billion to acquire the 66% stake of GGP (NYSE: GGP) that it does not already own.


Shares of Ophthotech (Nasdaq: OPHT) rose for the third day.


Shares of Kandi Technologies (Nasdaq: KNDI) extended its gains.

 

On the downside


Investors locked in profits on Quantum (NYSE: QTM).


Profit taking weighed down shares of Calithera Biosciences (Nasdaq: CALA). 


Investors locked in profits on Immunomedics (Nasdaq: IMMU).


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE while declines were on par with advancers on Nasdaq. The broader S&P 500 added 2 points to 2,584. Bitcoin leaped $778 to $6,494.


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