Retreating oil prices weigh down markets

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Retreating crude oil prices weighed the markets down to a lower open with the Dow dropping 51 points to 23,388. Nasdaq lost 24 points to 6,733.


On the upside


Roark Capital Group reportedly offered a premium of more than $2.3 billion to acquire Buffalo Wild Wings (Nasdaq: BWLD).


Advance Auto Parts (NYSE: AAP) reported better than expected earnings for the third quarter.


International Game Technology (NYSE: IGT) reported a smaller than expected loss for the third quarter.

 

On the downside


Dick's Sporting Goods (NYSE: DKS) reported lower third quarter earnings and forecast sharply lower earnings in 2018.


Retreating crude oil prices weighed down shares of Whiting Petroleum (NYSE: WLL). 


Shares of Opko Health (Nasdaq: OPK) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 7 points to 2,577. Bitcoin soared $133 to $6,590.


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This page contains a single entry by published on November 14, 2017 6:50 AM.

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