Modestly higher close as GOP hashes out tax plan


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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