December 2017 Archives

Record year ends on down note

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A record trading year ended on a down note with the Dow plunging 118 points to close at 24,719. Nasdaq tumbled 46 points to 6,903.


On the upside


Shares of Fang Holdings (NYSE: SFUN) continued to rise.


Fitch Ratings upgraded its default rating on GNC Holdings (NYSE: GNC).


Hovnanian Enterprises (NYSE: HOV) entered a refinancing transaction with GSO Capital Partners.


On the downside 


A trademark infringement lawsuit was filed against Under Armour (NYSE: UAA) by a North Carolina business owner.


Investors locked in profits on Arrowhead Pharmaceuticals (Nasdaq: ARWR)


InvestorPlace wrote that Blue Apron (NYSE: APRN) could go bankrupt in 2019.

 

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 13 points to 

Higher open on final trading day

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The markets opened modestly higher on the final trading day of the year with the Dow rising 12 points to 24,849. Nasdaq added 2 points to 6,952.


On the upside


The Food and Drug Administration cleared Atara Biotherapeutics (Nasdaq: ATRA) to initiate two Phase 3 clinical studies with tabelecleucel in patients with rituximab-refractory Epstein-Barr virus associated post-transplant lymphoproliferative disorder.


Shares of GAIN Capital Holdings (NYSE: GCAP) extended its gains.


Ultra Clean Holdings (Nasdaq: UCTT) will replace Scientific Games (Nasdaq: SGMS) on the S&P SmallCap 600 before market open on January 3, 2018.


On the downside 


Adtran (Nasdaq: ADTN) lowered its fourth quarter revenue forecast and warned of losses.


SandRidge Energy (NYSE: SD) terminated its agreement to acquire Bonanza Creek Energy (NYSE: BCEI)


Shares of Infinera (Nasdaq: INFN) fell for the fifth day.

 

In the broad market, advancing issues were on par with decliners on the NYSE while decliners outpaced advancers by more than 6 to 5 on Nasdaq. The broader S&P 500 added 2 points to 2,689. Bitcoin surged $539 to $14,641.


Higher close on slow trading day

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The markets closed higher on a slow trading day with the Dow climbing 63 points to 24,837. Nasdaq added 10 points to 6,950.


On the upside


Shares of GAIN Capital Holdings (NYSE: GCAP) continued to soar on the popularity of cryptocurrency trading.


vTv Therapeutics (Nasdaq: VTVT) shareholder Ronald O. Perelman purchased an additional 50,000 shares of company stock.


Digirad (Nasdaq: DRAD) will sell its Medical Device Sales and Services business unit service contracts to Philips North America for $8 million.


On the downside 


Calumet Specialty Products Partners (Nasdaq: CLMT) reported a loss for the fourth quarter.


Investors locked in profits on Fate Therapeutics (Nasdaq: FATE)


Profit taking continued to weigh down shares of Stitch Fix (Nasdaq: SFIX).


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 2,687. Bitcoin added $38 to $14,140.


The markets opened higher with the Dow gaining 33 points to 24,807 as jobless claims held steady. Nasdaq rose 14 points to 6,953.


On the upside


Evestnet Asset Management acquired an additional 11,054 shares of Open Text (Nasdaq: OTEX).


Shares of Opko Health (Nasdaq: OPK) continued to rise.


Market Realist noted that Chesapeake Energy (NYSE: CHK) was one of S&P 500's top gainers on Tuesday.


On the downside 


Investors locked in profits on Valeant Pharmaceuticals (NYSE: VRX).


Royal Gold (Nasdaq: RGLD) reported that mill processing operations at the Mount Milligan mine in British Columbia have been temporarily suspended due to a lack of water


Shares of GNC Holdings (NYSE: GNC) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 rose 4 points to 2,686. Bitcoin crashed $958 to $14,264.


The markets closed higher with the Dow gaining 28 points to 24,774 as pending home sales climbed. Nasdaq added 3 points to 6,939.


On the upside


Susquehanna International Group purchased 16,896 shares of Daqo New Energy (NYSE: DQ).


Engineers Gate Manager acquired 40,172 shares of Floor & Decor Holdings (NYSE: FND).


Brookfield Infrastructure Partners (NYSE: BIP) will sell its approximate 278% stake in ETC Transmission Holdings for $1.3 billion.


On the downside 


Compass Point downgraded Callaway Golf (NYSE: ELY) from a Neutral rating to a Sell rating.


The Ledger Gazette wrote that Zumiez (Nasdaq: ZUMZ) was a better small-cap retail investment than Tailored Brands (NYSE: TLRD)


Investors locked in profits on Abercrombie & Fitch (NYSE: ANF).


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 added 2 points to 2,682. Bitcoin plunged $573 to $15,101.


A gain in November pending home sales lifted the markets to a higher open with the Dow gaining 20 points to 24,766. Nasdaq rose 5 points to 6,941.


On the upside


Shares of RISE Education Cayman (Nasdaq: REDU) climbed for the fourth day.


XPO Logistics (NYSE: XPO) stock continued to rise.


Rising gold prices lifted shares of Gold Fields (NYSE: GFI).


On the downside 


Investors locked in profits on Public Joint-Stock Company Mobile TeleSystems (NYSE: MBT).


Profit taking weighed down shares of Corcept Therapeutics (Nasdaq: CORT)


Investors took profits on Macy's (NYSE: M).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 2 points to 2,682. Bitcoin plummeted $614 to $15,059.


Lower close on soft iPhone X demand

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The markets closed lower with the Dow slipping 7 points to 24,746 despite strong retail sales as iPhone X demand disappoints. Nasdaq fell 23 points to 6,936.


On the upside


Shares of Future FinTech (Nasdaq: FTFT) extended its gains.


Bargain hunters lifted shares of Agile Therapeutics (Nasdaq: AGRX).


The Food and Drug Administration granted Fast Track designation to INSYS Therapeutics (Nasdaq: INSY) for its cannabidiol oral solution to treat Prader-Willi syndrome.


On the downside 


Investors locked in profits on Qudian (NYSE: QD).


Shares of NQ Mobile (NYSE: NQ) extended its losses


Cinemark Holdings (NYSE: CNK) director Lee Roy Mitchell sold 174,607 shares of company stock.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 3 on the NYSE while decliners edged out advancers by nearly 6 to 5 on Nasdaq. The broader S&P 500 slipping 2 points to 2,680. Bitcoin rose $51 to $15,725.


The markets  traded lower during the midday with the Dow losing 32 points to 24,721. Nasdaq fell 21 points to 6,938.


Google is reportedly exploring the possibility of opening brick and mortar stores in India to expand the marketshare of the Pixel smartphone. A dozen popup stores were recently launched that introduced the second generation Pixel to Indian consumers. The lucrative Indian smartphone market is the second largest in the world and is dominated by Samsung, Xiaomi and Oppo.


Members of Hyundai Motor's labor union have rejected a tentative wage deal that was reached last week by union leadership and the automaker's management. Nearly 88% of union members voted with 50.2% giving the agreement a thumbs down. The wages being offered were considered inadequate.


Aston Martin will recall approximately 5,500 vehicles to fix issues with power trains and battery supply cables. Recalls will begin on February 1, 2018 for 3,493 model years 2009 through 2016 DB9, DBS, Rapide, Virage and Vanquish vehicles that have transmission park pawls that may not engage which increases the likelihood of a crash. Additionally, 1,953 model years 2005 through 2009 DB9 and DBS vehicles will be recalled to fix battery supply cables that may be damaged and cause a fire.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 3 points to 2,679. Bitcoin surged $1,969 to $15,769.


Disappointing iPhone X demand weighed the markets down to a lower open with the Dow falling 39 points to 24,715. Nasdaq dropped 31 points to 6,928.


On the upside


Stock News Journal wrote that Kohl's (NYSE: KSS) was undervalued.


Mallinckrodt (NYSE: MNK) will pay approximately $840 million to acquire Sucampo Pharmaceuticals (Nasdaq: SCMP).


All sale items at Macy's (NYSE: M) have been discounted an extra 20%.


On the downside 


Weak demand for the Apple iPhone X (Nasdaq: AAPL) weighed down share of Micron Technology (Nasdaq: MU).


The Food and Drug Administration extended its review period for Portola Pharmaceuticals' (Nasdaq: PTLA) AndexXa


Investors continued to lock in profits on Skyworks Solutions (Nasdaq: SWKS).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while decliners edged out advancers by nearly 9 to 8 on Nasdaq. The broader S&P 500 slipping 4 points to 2,679. Bitcoin leaped $1,979 to $15,780.


U.S. markets closed

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U.S. markets are closed for Christmas.

Lower close on slow trading day

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The markets closed lower with the Dow losing 28 points to 24,754 on a slow trading day before the Christmas holiday. Nasdaq slipped 5 points to 6,959.


On the upside


Future FinTech Group (Nasdaq: FTFT) entered a Technology Development Service Contract with Reits Technology to design and develop a customized Globally Shared Shopping Mall blockchain software system.


Shares of LexinFintech Holdings (Nasdaq: LX) continued to soar.


Home Depot (NYSE: HD) is reportedly in discussions to possibly acquire XPO Logistics (NYSE: XPO).


On the downside 


The Food and Drug Administration rejected Agile Therapeutics' (Nasdaq: AGRX) new drug application for the contraceptive patch Twirla.


ChinaCache International Holdings (Nasdaq: CCIH) reported a loss for the first six months of 2017 as revenue dropped


CalAmp (Nasdaq: CAMP) swung to a profit for the third quarter but the stock price fell.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners outpaced advancers by nearly 4 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,683. Bitcoin plummeted $937 to $14,698.


Bitcoin plunges more than 20%

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The markets extended its losses during the midday with the Dow falling 44 points to 24,738. Nasdaq slipped 7 points to 6,958.


Bitcoin plunged more than 20% this morning and sparked a sell-off of other cryptocurrencies. Ethereum and Litecoin both tumbled 20% while Bitcoin Cash crashed 30%. The market value of Bitcoin has collapsed by more than $120 billion in less than a week.


UnitedHealth Group will pay approximately $2.8 billion to acquire Banmedica SA. The deal will establish a presence in South America for UnitedHealth. Banmedica is a financial holding company in Chile that provides insurance policies and medical services through its subsidiaries.


Papa John's founder and chief executive John Schnatter will be replaced by chief operating officer Steve Ritchie on January 1, 2018. Last month, Schnatter criticized National Football League players who kneeled during the national anthem and blamed the controversy for slumping sales. The inflammatory comments prompted a backlash on social media while the alt-right declared Papa John's the official pizza of the alt-right.


In the broad market, advancing outpaced decliners by a margin of nearly 4 to 3 on the NYSE while decliners edged out advancers by more than 4 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2,682. Bitcoin crashed $2,214 to $13,422.


The markets opened lower with the Dow slipping 18 points to 24,764 as capital goods orders fell in November. Nasdaq lost 7 points to 6,958.


On the upside


Jefferies lifted its price target on Array BioPharma (Nasdaq: ARRY) from $9.00 to $13.00.


Boeing (NYSE: BA) confirmed that it was in discussions to acquire Embraer (NYSE: ERJ).


Bargain hunters lifted shares of Southwestern Energy (NYSE: SWNC).


On the downside 


InvestorPlace recommended that investors avoid Advanced Micro Devices (Nasdaq: AMD) in 2018.


Nike (NYSE: NKE) reported lower earnings and disappointing sales in North America


Celgene (Nasdaq: CELG) reported disappointing results from a Phase 3 clinical trial of REVLIMID in combination with Rituximab to treat follicular lymphoma.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners outpaced advancers by more than 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,684. Bitcoin crashed $3,946 to $11,689.


Tax bill enthusiasm lifts markets

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Enthusiasm for the tax bill lifted the markets to a higher close with the Dow gaining 55 points to 24,782. Nasdaq added 4 points to 6,965.


On the upside


Gener8 Maritime (NYSE: GNRT) will be acquired by Euronav in an all stock transaction.


Boeing (NYSE: BA) has engaged in discussions to potentially acquire Embraer (NYSE: ERJ).


Shares of LexinFintech (Nasdaq: LX) soared in its market debut.


On the downside 


GNC Holdings (NYSE: GNC) executed exchange agreements with certain convertible senior notes holders.


Investors locked in profits on Future FinTech Group (Nasdaq: FTFT)


Apogee Enterprises (Nasdaq: APOG) cut its full year fiscal 2018 forecast.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 rose 5 points to 2,684. Bitcoin plunged $222 to $15,413.


The markets advanced during the midday with the Dow climbing 88 points to 24,814. Nasdaq gained 14 points to 6,975.


Facebook entered a global, multiyear agreement with Universal Music Group that will allow users to upload and share videos on Facebook, Instagram and Oculus. Users have increasingly included music and/or videos in their posts without permission prompting Facebook to remove the posts. Facebook and UMG will jointly develop new music products to further engage users.


The Communications Workers of America filed a lawsuit against Amazon, Cox Communications and T-Mobile for age discrimination. The companies have been accused of recruiting only younger workers by using targeted ads on Facebook. The lawsuit included an example of an ad placed by T-Mobile that was specifically aimed at people between the ages of 18-38. 


Ford and Mazda have recalled model years 2004 through 2006 Ford Ranger and Mazda B-Series trucks to replace Takata air bag inflators. Recalls were initiated in 2015 and 2016 for the same vehicles to temporarily replace the inflators. Approximately 380,000 trucks are impacted by the recall.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 10 points to 2,689. Bitcoin crashed $990 to $15,297.


The markets opened higher with the Dow gaining 52 points to 24,778 as investors continued to celebrate the passage of the tax bill. Nasdaq rose 12 points to 6,972.


On the upside


Corcept Therapeutics (Nasdaq: CORT) will replace Gigamon (NYSE: GIMO) in the S&P SmallCap 600 before market open on Wednesday, December 27.


Voya Financial (NYSE: VOYA) will sell its Closed Block Variable Annuity businesses.


Athene Holding (NYSE: ATH) entered an agreement with Voya Financial (NYSE: VOYA) to reinsure approximately $19 billion of fixed and fixed indexed annuity liabilities.


On the downside 


PG&E (NYSE: PCG) suspended its dividend citing potential liabilities related to wildfires in Northern California.


Bed Bath & Beyond (Nasdaq: BBBY) reported lower third quarter earnings while same store sales slipped 0.3%


The Public Service Commission of South Carolina will consider lowering rates for SCANA (NYSE: SCG) customers.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2,683. Bitcoin plummeted $690 to $15,598.


Tax plan approved but markets slip

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Both houses of Congress approved the tax overhaul plan but the markets closed lower with the Dow losing 28 points to 24,726. Nasdaq slipped 2 points to 6,960.


On the upside


Shares of Future FinTech Group (Nasdaq: FTFT) surged on speculation that the fruit juice company was entering the cryptocurrency market.


Advaxis (Nasdaq: ADXS) stock rose ahead of its business update after market close.


Synergy Pharmaceuticals (Nasdaq: SGYP) named executive vice president Troy Hamilton to the position of chief executive effective immediately.


On the downside 


Investors locked in profits on ChinaCache International Holdings (Nasdaq: CCIH).


Actuant (NYSE: ATU) reported higher first quarter earnings and revenue but the stock price fell


A law firm initiated an investigation into Alteryx (NYSE: AYX) for an alleged data breach.


In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 slipped 2 points to 2,679. Bitcoin crashed $1,127 to $16,200.


The markets traded mixed during the midday with the Dow adding 9 points to 24,764. Nasdaq slipped 3 points to 6,960.


The European Court of Justice ruled that Uber should be classified as a transportation service rather than a technology service. Uber must be regulated in the same manner as other taxi operators. Uber continues to argue that it is merely an app that connects drivers to passengers.


The Bank of England plans to continue working with foreign banks under current rules even after Brexit. European Union banks will not have to open subsidiaries in the United Kingdom in order to operate in Britain. However, the European Banks must reciprocate by allowing the Bank of England free access to EU markets. 


JPMorgan Chase employees will begin testing a new JPMorgan Digital Investing service this week. The service is a computerized investment management tool that will offer low cost guidance and advice. JPMorgan will expand the service to some clients in March with fees ranging from 25 to 50 basis points annually.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 edged up a fraction to 2,682. Bitcoin plummeted $466 to $16,860.


Existing home sales soared by a greater than expected 5.6% in November to lift the markets to a higher open with the Dow climbing 84 points to 24,838. Nasdaq gained 28 points to 6,991.


On the upside


BlackBerry (NYSE: BB) reported record software and services revenue for the third quarter as well as record gross margins.


Micron Technology (Nasdaq: MU) reported higher first quarter earnings and revenue and forecast current quarter results ahead of expectations.


HRG Group (NYSE: HRG) submitted a new proposal to Spectrum Brands Holdings (NYSE: SPB) for a potential transaction.


On the downside 


Stitch Fix (Nasdaq: SFIX) reported disappointing earnings that fell short of estimates in its first earnings report as a publicly traded company.


Red Hat (NYSE: RHT) reported higher third quarter earnings and revenue that topped analyst estimates but the stock price fell


Multiple class action lawsuits have filed against Qudian (NYSE: QD).


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 rose 7 points to 2,688. Bitcoin slipped $22 to $17,305.


The House passed the tax overhaul plan but will have to take the vote again tomorrow due to technical changes. The markets closed lower with the Dow losing 37 points to 24,754. Nasdaq fell 30 points to 6,963.


On the upside


Shares of Presbia (Nasdaq: LENS) surged on no news.


Darden Restaurants (NYSE: DRI) reported higher second quarter earnings and revenue that topped analyst estimates.


Zimmer Biomet Holdings (NYSE: ZBH) appointed Bryan C. Hanson to the position of president and chief executive officer.


On the downside 


Profit taking continued to send shares of Xunlei (Nasdaq: XNET) lower.


Investors locked in profits on Spectrum Pharmaceuticals (Nasdaq: SPPI)


Shares of Glu Mobile (Nasdaq: GLUU) fell for the fourth day.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 lost 8 points to 2,681. Bitcoin collapsed $1,712 to $16,987.


TransCanada request denied

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The markets traded lower during the midday with the Dow slipping 25 points to 24,766. Nasdaq fell 28 points to 6,966.


A request by TransCanada to amend the route of the proposed Keystone XL pipeline was denied by the Nebraska Public Service Commission. The regulatory agency had approved an alternate route last month that was closer to an existing pipeline right-of-way. TransCanada said that it would continue to work on a path to move forward with the project.


Trading of The Crypto Company has been suspended until January 3, 2018 over concerns about possible fraud. Shares of the digital assets company have rocketed more than 2,700% this month sending the market value well over $11 billion. The Securities and Exchange Commission will investigate the accuracy and adequacy of statements made by the company.


McDonald's will launch its McVegan burger in Finland and Sweden on December 28. The fast food giant developed the vegetarian soy burger with Norwegian company Orkla. McDonald's plans to create more vegetarian and vegan menu items to accommodate increasing consumer preferences for plant based food.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 2,684. Bitcoin plummeted $580 to $18,119.


Higher open as housing starts climb

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Housing starts climbed in November to lift the markets to a higher open with the Dow gaining 42 points to 24,834. Nasdaq slipped 3 points to 6,991.


On the upside


Navistar (NYSE: NAV) reversed year ago losses to post a stronger than expected profit for the fourth quarter as revenue rose.


Starboard Value acquired a 9.9% stake in Cars.com (NYSE: CARS).


Crown Holdings (NYSE: CCK) will acquire Signode Industrial Group Holdings in a deal valued at approximately $3.91 billion.


On the downside 


McDermott International (NYSE: MDR) will acquire Chicago Bridge & Iron (NYSE: CBI) in an all stock transaction valued at approximately $6 billion.


Teva Pharmaceutical (NYSE: TEVA) workers began a strike to protest the generic drugmaker's proposed plan to cut 14,000 jobs


Kindred Healthcare (NYSE: KND) will be acquired by Humana (NYSE: HUM) and two private equity firms.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,692. Bitcoin crashed $840 to $17,859.


The markets closed sharply higher with the Dow surging 140 points to 24,792 ahead of tomorrow's expected House tax vote. Nasdaq climbed 58 points to 6,994.


On the upside


Amplify Snack Brands (NYSE: BETR) will be acquired by The Hershey Company (NYSE: HSY) in a deal valued at approximately $1.6 billion.


Xperia (Nasdaq: XPER) narrowed its outlook for the fourth quarter and full year.


Covanta Holding (NYSE: CVA) entered a strategic partnership with Macquarie Group subsidiary Green Investment Group to develop, fund and own Energy-from-Waste projects in Ireland and the UK.


On the downside 


Profit taking weighed down shares of Proteostasis Therapeutics (Nasdaq: PTI).


Marinus Pharmaceuticals (Nasdaq: MRNS) extended its losses as investors continued to lock in profits


Investors continued to take profits on Xunlei (Nasdaq: XNET).


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 10 points to 2,685. Bitcoin plummeted $552 to $18,627.


The markets extended its gains during the midday with the Dow soaring 137 points to 24,789. Nasdaq climbed 58 points to 6,995.


Campbell Soup will pay a premium of approximately $4.9 billion to acquire Snyder's-Lance, which makes Hanover pretzels, Kettle chips and Pop Secret popcorn. The company known for its soups will nearly double its baked snacks revenue of approximately $2.5 billion with the deal. Campbell recently acquired organic soup company Pacific Foods also owns Pepperidge Farm, which makes Goldfish crackers.


Amplify Snack Brands will be acquired by Hershey for approximately $920 million in cash. The candy maker is responding to changing consumer preferences for healthier snacks by expanding its offerings to include SkinnyPop popcorn, Paqui tortilla chips and Tyrrell's potato chips. Nearly 57% of Amplify's shareholders support the deal.


BMW sold 100,000 electric vehicles around the world in 2017 and expects to sell more in 2018. The German luxury car maker expects to offer 12 models of electric cars by 2025. The company also announced a partnership Solid Power to develop next generation solid state battery technology for electric vehicles.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 15 points to 2,691. Bitcoin plunged $490 to $18,690.


Higher open as tax vote nears

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The markets opened higher with the Dow climbing 88 points to 24,739 as the tax overhaul bill moved closer to a vote. Nasdaq gained 44 points to 6,980.


On the upside


Tencent and JD.com (Nasdaq: JD) will jointly invest $863 million in Vipshop Holdings (NYSE: VIPS).


Elliott Management acquired a 6.5% stake in Akamai Technologies (Nasdaq: AKAM).


Twitter (NYSE: TWTR) will begin enforcing new rules against hate and violence today.


On the downside 


Shares of Glu Mobile (Nasdaq: GLUU) extended its losses.


Penn National Gaming (Nasdaq: PENN) will acquire Pinnacle Entertainment (Nasdaq: PNK) for approximately $2.8 billion in cash and stock. 


McKesson (NYSE: MCK) chief financial officer and executive vice president James Beer will leave the company.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 10 points to 2,685. Bitcoin plummeted $552 to $18,627.


Indications that Senator Marco Rubio will support the tax plan sent the markets soaring to close sharply higher with the Dow surging 143 points to 24,651. Nasdaq leaped 80 points to 6,936.


On the upside


Stifel upgraded Crocs (Nasdaq: CROX) from a Hold rating to a Buy rating.


Surgery Partners (Nasdaq: SGRY) announced plans to repurchase up to $50 million of its common stock.


Analysts expect Roku (Nasdaq: ROKU) to benefit from Disney's (NYSE: DIS) acquisition of Fox (Nasdaq: FOXA) assets.


On the downside 


Investors locked in profits on Marinus Pharmaceuticals (Nasdaq: MRNS).


Verastem (Nasdaq: VSTM) priced its public offering of $25 million worth of common stock. 


NQ Mobile (NYSE: NQ) reported losses for the first, second and third quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 soared 23 points to 2,675. Bitcoin gained $66 to $17,498.


The markets extended its gains during the midday with the Dow soaring 163 points to 24,672. Nasdaq surged 82 points to 6,938.


Retailers participating in today's Free Shipping Day will ship online purchases without charge with a guaranteed delivery by Christmas Eve. Major retailers such as Macy's, Target, Toys R Us and Old Navy are participating along with Mrs. Fields, The Popcorn Factory, and Munchery. The free shipping applies to in-stock, ready to ship items in the continental U.S. to non-P.O. Box addresses.


Today is also National Cupcake Day to celebrate the convenient, single-serve cake. Many bakeries are celebrating by offering treats such as a free Hot Cocoa Cupcake or Christmas Cookies & Milk Cupcake to the first 100 customers at Baked by Melissa or buy get one free at Gigi's Cupcakes and Ooh La La Dessert Boutique. Double Tree is providing a free DoubleTree cookie to guests from now until December 24.


Lockheed Martin has partnered with Aerion to develop a supersonic jet for corporations. The Aerion AS2 supersonic business jet is expected to be ready for market by 2025. Lockheed makes supersonic combat aircraft such as the F-16, F-35 and F-22.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 leaped 26 points to 2,678. Bitcoin rocketed $1,325 to $17,644.


Higher open as GOP tweaks tax plan

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The markets opened higher with the Dow climbing 77 points to 24,585 as the GOP tweaked their tax plan to ensure passage. Nasdaq gained 15 points to 6,871.


On the upside


DDR (NYSE: DDR) will spin off 50 of its properties into a new company to be named Retail Value Trust.


Under Armour (NYSE: UA) is using drones to promote its latest Curry 4 shoe which drops on Saturday.


Teva Pharmaceutical (NYSE: TEVA) announced the exclusive launch of generic Viread.


On the downside 


CSX (Nasdaq: CSX) chief executive Hunter Harrison has taken an unexpected medical leave of absence.


Oracle (NYSE: ORCL) reported higher second quarter earnings and revenue but growth in its cloud computing business fell short of expectations and the company forecast current quarter results below estimates. 


Investors locked in profits on Finisar (Nasdaq: FNSR).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,660. Bitcoin leaped $1,380 to $17,699.


Two Republican Senators demanded changes to child tax credits before they would support the tax overhaul plan. The markets closed lower with the Dow dropping 76 points to 24,508. Nasdaq lost 19 points to 6,856.


On the upside


Rumors circulated that Genomic Health (Nasdaq: GHDX) may be acquired.


Marinus Pharmaceuticals (Nasdaq: MRNS) will be added to the Nasdaq Biotechnology Index before market open on Monday, December 18, 2017.


Nordson (Nasdaq: NDSN) reported higher fourth quarter earnings and revenue.


On the downside 


Pier 1 Imports (NYSE: PIR) disappointed with lower third quarter earnings that fell short of expectations and slashed its full year forecast.


Criteo (Nasdaq: CRTO) cited the impact of Apple's (Nasdaq: AAPL) Intelligent Tracking Prevention for lowering its fourth quarter forecast. 


ABM Industries (NYSE: ABM) fell to a loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,652. Bitcoin rose $55 to $16,415.


The markets retreated to trade lower during the midday with the Dow falling 49 points to 24,535. Nasdaq dropped 20 points to 6,854.


Disney will pay approximately $52.4 billion in stock to acquire the film, television and international businesses of Twenty-First Century Fox. Disney will now own the Avatar and The Simpsons franchises as well as 21st Century Fox's film and television studios, and cable entertainment networks. Fox will maintain its Fox Broadcasting network which includes Fox News Channel and Fox Business Network along with the sports channels FS1, FS2 and the Big Ten Network.


The Federal Communications Commission voted this morning to end net neutrality. Internet service providers have lobbied lawmakers for the past two years to overturn regulations that require the companies to treat all content equally and prevents the ISPs from slowing or blocking content. Net neutrality advocates warn that costs will increase for consumers as broadband providers such as AT&T, Comcast and Verizon will now be able to charge fees for faster service and create partnerships for the distribution of preferred content.


Delta has selected Airbus over Boeing as its next jetliner provider. Delta ordered 100 Airbus A321neo jets with the option to order 100 additional aircraft. The new jets will use 40% less fuel than the McDonnell Douglas MD-88s that they are replacing.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 9 points to 2,653. Bitcoin rose $64 to $16,425.


The markets opened higher with the Dow gaining 46 points to 24,631 over expectations that Congress will vote on a tax plan next week. Nasdaq rose 12 points to 6,887.


On the upside


Teva Pharmaceutical Industries (NYSE: TEVA) will cut 14,000 jobs, or more 25% of its workforce, and suspend its dividend.


The U.S. Patent and Trademark Appeal Board has instituted inter partes review proceedings on all claims against two patents involved in a patent infringement claim against Mylan (Nasdaq: MYL).


Tiffany & Co. (NYSE: TIF) renewed its exclusive license agreement with Luxottica to develop, produce and distribute sunglasses and prescription frames under the Tiffany & Co. brand.


On the downside 


Sibanye Gold (NYSE: SBGL) will pay approximately $383 million to acquire Lonmin.


J.P.Morgan downgraded Valeant Pharmaceutical (NYSE: VRX) from a Neutral rating to an Underweight rating. 


OneMain Holdings (NYSE: OMF) priced its secondary offering of 7.5 million common shares .


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while advancers edged out decliners by nearly 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,665. Bitcoin slipped $27 to $16,333.


A tax plan was finalized by Congressional Republicans lifting the markets to a higher close with the Dow climbing 80 points to 24,585. Nasdaq gained 13 points to 6,875.


On the upside


Jianpu Technology (NYSE: JT) narrowed losses for the third quarter as revenue soared.


Overstock.com (Nasdaq: OSTK) founder and chief executive formed a joint venture with Peruvian economist Hernando de Soto to develop a blockchain based global property registry system.


PPDAI Group (NYSE: PPDF) impressed with sharply higher third quarter earnings and revenue and the company announced a partnership with Sun Hung Kai & Co. to jointly explore potential collaboration opportunities.


On the downside 


Bristow Group (NYSE: BRS) announced a public offering of $125 million in convertible senior notes.


Investors locked in profits on Proteostasis Therapeutics (Nasdaq: PTI). 


Profit taking weighed down shares of Accuray (Nasdaq: ARAY).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,662. Bitcoin plummeted $699 to $16,377.


Fed raises rates

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The market extended its gains during the midday with the Dow soaring 133 points to 24,638. Nasdaq climbed 25 points to 6,887.


At the Federal Reserve's final policy meeting of the year, the agency increased interest rates by an expected quarter of a percentage point. The Fed affirmed its intention to raise rates three times in 2018 and in 2019 even as the nation's economic activity has accelerated. However, inflation is expected to be below the targeted 2% in 2018.


Republicans have finalized an agreement to overhaul the tax code that will add between $1.5 trillion to $20 billion to the nation's debt over the next decade. The corporate tax rate will be slashed from the current 35% to 21%, which is above the 20% that was heavily promoted by President Donald Trump. The top tax bracket for wealthy individuals will drop from 39.6% to 37% while a $10,000 cap will be established for state and local tax deductions.


Toyota Motor extended its partnership with Panasonic by jointly developing prismatic cells to power electric cars. Panasonic currently supplies the Japanese automaker with traditional lithium-ion batteries. Panasonic is also working with Tesla to develop batteries using cylindrical cells.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 2,669. Bitcoin plunged $917 to $16,159.


Higher open as CPI rises 0.4%

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The market opened higher with the Dow rising 21 points to 24,525 as consumer prices edged up 0.4%. Nasdaq gained 18 points to 6,880.


On the upside


Finisar (Nasdaq: FNSR) received a $390 million investment from Apple (Nasdaq: AAPL) to increase production of laser diodes that are used in the iPhone X for Face ID, Animoji and portrait mode selfies.


Western Digital (Nasdaq: WDC) and Toshiba have settled their dispute over the proposed sale of their NAND flash memory SanDisk joint venture.


A class action lawsuit was filed against Qudian (NYSE: QD) but the stock price rose. 


On the downside 


Nordic American Tankers (NYSE: NAT) launched a recapitalization program.


Shares of Lumentum Holdings (Nasdaq: LITE) tumbled after Apple (Nasdaq: AAPL) invested in rival Finisar (Nasdaq: FNSR). 


Investors locked in profits on AK Steel Holding (NYSE: AKS).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2,667. Bitcoin tumbled $277 to $16,799.


The Dow advanced to close sharply higher with the blue chip index surging 118 points to 24,504 on strong gains in producer prices. Nasdaq lost 12 points to 6,862.


On the upside


Proteostasis Therapeutics (Nasdaq: PTI) reported positive results from three studies, PTI-428, PTI-801 and PTI-808 to treat cystic fibrosis.


GlycoMimetics (Nasdaq: GLYC) reported upbeat updated data from the Phase 1/2 trial for GMI-1271 to treat relapsed/refractory acute myeloid leukemia.


Bargain hunters lifted shares of Syros Pharmaceuticals (Nasdaq: SYRS). 


On the downside 


Two of seven patients in Global Blood Therapeutics (Nasdaq: GBT) study of voxelotor died.


Kosmos Energy (NYSE: KOS) will plug its Lamantin-1 exploration well offshore Mauritania. 


Casey's General Stores (Nasdaq: CASY) reported lower second quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of 6 to 5 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,664. Bitcoin soared $321 to $17,113.


Twitter adds threading feature

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The markets traded mixed during the midday with the Dow soaring 147 points to 24,533. Nasdaq slipped 3 points to 6,871.


Twitter will be adding a new threading feature to its service for users to more easily create a thread. Currently, users reply to their own tweet to continue their conversation and begin a thread. Going forward, users will be able to tap a plus-sign button after hitting the 280 character limit to continue their tweet without having to comment on their previous tweet.


A German regulatory agency discovered two devices in the Volkswagen Touareg designed to defeat emissions tests. Volkswagen has recalled 57,600 Touareg's around the world with 3 liter Euro diesel engines to fix the problem. Germany's Federal Motor Transport Authority has approved the software updates that will be installed in recalled vehicles.


PepsiCo announced that it has reserved 100 electric delivery trucks from Tesla. The Tesla Semis will be used to transport snack foods and beverages  from manufacturing and distribution sites to retail locations. PepsiCo currently has approximately 10,000 delivery trucks and expects to save money on fuel expenses as well as lower emissions by transitioning to electric trucks.


In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 rose 8 points to 2,668. Bitcoin soared $408 to $17,200.


Gain in producer prices lift markets

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Producer prices rose a healthy 0.4% in November to lift the markets to a higher open with the Dow gaining 66 points to 24,452. Nasdaq slipped 3 points to 6,872.


On the upside


Investopedia wrote that Valeant Pharmaceuticals International (NYSE: VRX) should experience strong growth in 2018.


CF Industries (NYSE: CF) announced a tender offer for up to $200 million in senior notes.


AMC Entertainment Holdings (NYSE: AMC) entered a Memorandum of Understanding with The Public Investment Fund of Saudi Arabia to explore commercial opportunities for collaboration. 


On the downside 


Oasys Petroleum (NYSE: OAS) priced its public offering of 32 million common shares at the discounted price of $9.55.


Concerns that Edison International (NYSE: EIX) power lines may have caused multiple massive wildfires in Southern California sent shares of the utility tumbling. 


Iron Mountain (NYSE: IRM) announced a private placement of $825 million in senior unsecured notes to finance its purchase of IO Data Centers.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,661. Bitcoin climbed $242 to $17,034.


The markets advanced to close higher with the Dow gaining 56 points to 24,386 as Cboe Global Markets began trading bitcoin futures. Nasdaq gained 35 points to 6,875.


On the upside


argenx SE (Nasdaq: ARGX) provided an update to its Phase 1/2 clinical trial of ARGX-110 in cutaneous T-cell lymphoma and announced a proposed public offering of $150 million American Depositary Shares.


Blueprint Medicines (Nasdaq: BPMC) reported upbeat new data from an ongoing Phase 1 clinical trial of avapritinib to treat advanced systemic mastocytosis.


Morgan Stanley Investment Management acquired an 11.4% stake in Overstock.com (Nasdaq: OSTK). 


On the downside 


Spark Therapeutics (Nasdaq: ONCE) reported disappointing preliminary results from a Phase 1/2 clinical trial of SPK-8011 to treat hemophilia A.


Syros Pharmaceuticals (Nasdaq: SYRS) presented disappointing preclinical data from an ongoing Phase 1 clinical trial of SY-1365. 


Investors locked in profits on Verastem (Nasdaq: VSTM).


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE while decliners edged out advancers by nearly 6 to 5 on Nasdaq. The broader S&P 500 gained 8 points to 2,659. Bitcoin vaulted $2,704 to $16,964.


Green Monday sales lure shoppers

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The markets traded higher during the midday with the Dow rising 35 points to 24,364. Nasdaq gained 30 points to 6,871.


The second Monday of December was named Green Monday by eBay ten years ago to mark the biggest online shopping day of December. Over the past decade, shoppers flooded ecommerce sites on Green Monday to make their final holiday purchases for delivery before Christmas. Deals today include $20 off for every $100 spent on Target.com and Jet has slashed prices on items such as Google Home Mini from $49 to $29 and Samsung 50 inch 4K HDR Ultra HD LED Smart TV from $549 to $478.


Verizon Communications will pay approximately $2.25 billion for a five year deal to stream National Football League games beginning in January 2018. The agreement includes in-market and national games, including national pre-season, regular season, playoff games and the Super Bowl. The deal does not provide exclusive rights to air the games.


Monsanto has offered a cash incentive to farmers to use its controversial XtendiMax with Vapor Grip herbicide. The herbicide was specially formulated to work with the company's genetically modified soy beans but XtendiMax damaged other crops when the it drifted away from the targeted crop. Monsanto says that the product is safe when used properly.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 rose 6 points to 2,657. Bitcoin rocketed $2,240 to $16,500.


The markets opened flat with the Dow adding 9 points to 24,338 after an explosion at the Port Authority bus terminal. Nasdaq rose 7 points to 6,847.


On the upside


bluebird bio (Nasdaq: BLUE) reported positive updated data from an ongoing HGB-205 clinical study of LentiGlobin to treat severe sickle cell disease and transfusion-dependent B-thalassemia.


Pennsylvania selected CenturyLink (NYSE: CTL) as its network provider.


Bargain hunters lifted shares of Southwestern Energy (NYSE: SWN). 


On the downside 


Juno Therapeutics (Nasdaq: JUNO) and Celgene (Nasdaq: CELG) reported additional upbeat data from the TRANSCEND study of JCAR017 at dose level two but the stock price fell.


Seattle Genetics (Nasdaq: SGEN) presented data from a Phase 3 ECHELON-1 clinical trial of ADCETRIS to treat advanced Hodgkin lymphoma. 


SCANA (NYSE: SCG) has proposed offering its failed nuclear reactor project at the Fairfield County site to South Carolina state utility Santee Cooper.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added a point to 2,652. Bitcoin rocketed $1,890 to $16,150.


Higher close on upbeat jobs data

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Upbeat jobs data boosted the markets to a sharply higher close with the Dow soaring 117 points to 24,329. Nasdaq gained 27 points to 6,840.


On the upside


SIgma Designs (Nasdaq: SIGM) will be acquired by Silicon Labs (Nasdaq: SLAB) for a premium of approximately $282 million in cash.


Bargain hunters lifted shares of Qudian (NYSE: QD).


Raduis Health (Nasdaq: RDUS) provided promising updated data from a Phase 1 005 clinical study of elacestrant to treat breast cancer. 


On the downside 


The Fujian High Court ruled that Veeco Instruments Shanghai (Nasdaq: VECO) must halt the import, sale and manufacture of Veeco EPIK 700 model NOCVD systems.


Second quarter earnings plunged for American Outdoor Brands (Nasdaq: AOBC) prompting the gun maker to cut its full year forecast. 


Profit taking weighed down shares of Marinus Pharmaceuticals (Nasdaq: MRNS).


In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 climbed 14 points to 2,651. Bitcoin gained $62 to $15,700.


The markets extended its gains during the midday with the Dow climbing 86 points to 24,297. Nasdaq gained 27 points to 6,840.


Starbucks introduced its limited edition Christmas Tree Frappuccino to celebrate the holiday season. The specialty drink tops a Peppermint Mocha Creme Frappuccino with matcha whipped cream in the shape of a Christmas tree and decorated with candied cranberries, caramel drizzle and a strawberry.


JPMorgan Chase will offer discounts to customers who use the bank for multiple services or products. The bank already provides discounted mortgages to customers who maintain an account at one of its branches. JPMorgan Chase chief executive officer Jaime Dimon called the incentives relationship pricing.


November nonfarm payrolls climbed by 228,000 while the October job growth was trimmed to 244,000 from a previously reported 261,000 positions. Average hourly earnings edged up 0.2% or 5 cents on the heels of a 0.1% slip in October. The unemployment rate held steady at 4.1%, the lowest level in 17 years.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2,647. Bitcoin crashed $1,290 to $15,010.


Strong jobs growth lifts markets

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Strong jobs growth lifted the markets to a higher open with the Dow gaining 52 points to 24,263. Nasdaq climbed 47 points to 6,859.


On the upside


Cloudera (NYSE: CLDR) narrowed third quarter losses more than expected.


Alexion Pharmaceuticals (Nasdaq: ALXN) shareholder Elliott Management is asking the company to provide a plan to increase its stock price and advocating for a change to the board.


Vetr upgraded Valeant Pharmaceuticals (NYSE: VRX) from 4 stars to 5 stars. 


On the downside 


Tellurian (Nasdaq: TELL) priced its public offering of 10 million common shares at the discounted price of $10.00 per share.


Investors locked in profits on Ball (NYSE: BALL). 


The Cooper Companies (NYSE: COO) reported higher fourth quarter earnings and revenue but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2,646. Bitcoin plummeted $818 to $15,481.


The markets closed higher with the Dow climbing 70 points to 24,211 as House and Senate Republicans worked on a compromise tax plan. Nasdaq gained 36 points to 6,812.


On the upside


Stryker (NYSE: SYK) will pay a premium of approximately $662 million in cash to acquire Entellus Medical (Nasdaq: ENTL).


SeaChange International (Nasdaq: SEAC) narrowed third quarter losses and announced that its Adrenalin multiscreen video solution was selected to be part of Liberty Global's next-generation video platform.


Shares of Immunomedics (Nasdaq: IMMU) extended its gains. 


On the downside 


LendingClub (NYSE: LC) cut its fourth quarter guidance and forecast 2018 results below expectations.


Third quarter earnings slipped for Argan (NYSE: AGX). 


Duluth Holdings (Nasdaq: DLTH) fell to a loss for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2,636. Bitcoin vaulted $2,097 to $15,775.


Anheuser-Busch orders 40 Tesla trucks

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The markets surged during the midday with the Dow soaring 103 points to 24,244. Nasdaq climbed 46 points to 6,823.


Anheuser-Busch ordered 40 electric trucks from Tesla to deliver its products to wholesalers within 150 to 200 miles of its breweries. The maker of Budweiser beers expects to save money on fuel by investing in electric vehicles. The company has the option to buy the vehicles or to lease them.


General Electric will eliminate 12,000 jobs as part of its plan to improve efficiencies and save $1 billion in 2018. All the layoffs will be from the company's global power business. Workers in Britain, Germany and Switzerland will be the most impacted by the job losses.


Bitcoin surged above $15,000 on the Coinbase exchange early Thursday morning and continued its meteoric rise to top $18,000 before retreating back to the $15,000 range. The cryptocurrency began the year below $1,000. A buying frenzy among speculators over the past few months has propelled the digital currency, which has been in existence since 2009, to staggering heights.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 9 points to 2,639. Bitcoin rocketed $1,666 to $15,344.


The markets opened mixed with the Dow slipping 24 points to 24,116 over a potential government shutdown. Nasdaq rose 9 points to 6,785.


On the upside


Sage Therapeutics (Nasdaq: SAGE) reported positive results from a Phase 2 double-blind, placebo-controlled clinical trial of SAGE-217 to treat moderate to severe major depressive disorder.


Lululemon Athletica (Nasdaq: LULU) reported better than expected earnings and revenue for the third quarter.


Bargain hunters lifted shares Tronox (NYSE: TROX). 


On the downside 


Verint Systems (Nasdaq: VRNT) reversed year ago losses to post a profit for the third quarter but the stock price dropped.


Investors locked in profits on H&R Block (NYSE: HRB). 


Ciena (NYSE: CIEN) reported fourth quarter earnings that fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 eased a point to 2,628. Bitcoin rocketed $1,788 to $15,466.


The markets closed mixed with the Dow losing 39 points to 24,140 despite a strong gain in worker productivity. Nasdaq rose 14 points to 6,776.


On the upside


Vera Bradley (Nasdaq: VRA) reported better than expected earnings for the third quarter.


AeroVironment (Nasdaq: AVAV) reversed year ago losses to post an unexpected profit for the second quarter.


Immunomedics (Nasdaq: IMMU) reported positive updated data from a Phase 2 study of sacituzumab govitecan. 


On the downside 


Muddy Waters has taken a short position on OSI Systems (Nasdaq: OSIS).


Investors locked in profits on Valhi (NYSE: VHI). 


Bill Barrett (NYSE: BBG) price its public offering of 21 million shares at the discounted price of $5.00 per share.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,629. Bitcoin tumbled $194 to $13,483.


The markets rebounded during the midday with the Dow adding 9 points to 24,190. Nasdaq gained 17 points to 6,779.


In an ongoing dispute with Amazon, Google announced that it will pull its YouTube app from Amazon's Echo Show and Fire TV. Amazon does not offer Google products such as Chromecast and Google Home or offer Amazon Prime Video for Google Cast users. Google has been attempting to resolve the matter with Amazon. 


Canada has abandoned plans to purchase 18 new Boeing F/A-18 Super Hornet jets after Boeing accused Canada of unfairly subsidizing the Bombardier C Series jets. The U.S. Commerce Department hit the Canadian jets with a 300% tariff. Canada will purchase used Australian F/18 jets instead.


Pfizer will sell its own generic version of Viagra when its patent on the male impotency drug expires on Monday. Teva Pharmaceuticals will also begin selling its generic Viagra on Monday but did not disclose a price. Pfizer plans to sell its generic drug for half the price of Viagra, which is priced at $65 per pill.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,632. Bitcoin rocketed $1,334 to $13,064.


Worker productivity rose in the third quarter but the markets opened lower with the Dow slipping 9 points to 24,171 as crude oil prices continued to slide. Nasdaq dropped 20 points to 6,742.


On the upside


UnitedHealth Group will pay approximately $4.9 billion in cash to acquire the primary care unit of DaVita (NYSE: DVA).


Dave & Busters Entertainment (Nasdaq: PLAY) reported higher third quarter earnings that topped analyst estimates as revenue rose.


H&R Block (NYSE: HRB) reported a smaller than expected loss for the second quarter. 


On the downside 


The Federal Trade Commission has filed a complaint to prevent Tronox (NYSE: TROX) from acquiring the titanium dioxide business of Cristal.


Veeva Systems (Nasdaq: VEEV) reported higher third quarter earnings and revenue but the stock price fell. 


Investors locked in profits on Patterson Companies (Nasdaq: PDCO).


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by 4 to 3 on Nasdaq. The broader S&P 500 slipped 3 points to 2,626. Bitcoin rocketed $674 to $12,404.


Markets tumble as crude oil retreats

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Retreating crude oil prices weighed the markets down to a lower close with the Dow plummeting 109 points to 24,180. Nasdaq lost 13 points to 6,762.


On the upside


Revance Therapeutics (Nasdaq: RVNC) reported positive results from two Phase 3 clinic trials of RT002 to treat frown lines.


Barnes & Noble Education (NYSE: BNED) impressed with sharply higher second quarter earnings as revenue rose.


G-III Apparel Group (Nasdaq: GIII) reported higher third quarter earnings that surpassed analyst expectations prompting the company to lift its full year earnings outlook. 


On the downside 


Ascena Retail Group (Nasdaq: ASNA) disappointed with lower third quarter earnings and revenue.


EMCORE (Nasdaq: EMKR) reported higher fourth quarter earnings and revenue but the stock price fell. 


Francesca's Holdings (Nasdaq: FRAN) reported lower third quarter earnings and revenue prompting the company to lower its full year forecast.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 9 points to 2,629. Bitcoin jumped $314 to $11,765.


The markets traded mixed during the midday with the Dow falling 43 points to 24,246. Nasdaq gained 22 points to 6,798.


YouTube will increase the number of human reviewers of content and comments on its site to more than 10,000 in 2018. The video sharing site has come under fire for allowing inappropriate content on its YouTube Kids platform which prompted major companies such as Deutsche Bank, Adidas Mars and Cadbury to suspend their advertising campaigns. YouTube will also implement stricter rules to determine which videos will be allowed to make money through advertisers.


Kroger is recalling one-gallon containers of purified water due to a potential mold contamination. Containers of Comforts for Baby Purified Water with Flouride added with sell-by dates between April 26, 2018 and October 10, 2018 may be contaminated with Talaromyces penicillium. Customers who purchased to affected items have been asked to return the products for refunds.


The European Union's General Court sided with Apple in its trademark case against Xiaomi. Xiaomi's application to trademark Mi Pad for its tablet computer in Europe was challenged by Apple as too similar to Apple's iPad. The European Union Intellectual Property Office had agreed with Apple.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 eased a fraction to 2,638. Bitcoin surged $209 to $11,660.


Mixed open as crude oil slips

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The markets opened mixed with the Dow gaining 45 points to 24,335 as crude oil prices eased. Nasdaq lost 16 points to 6,759.


On the upside


Regal Entertainment (NYSE: RGC) will be acquired by Cineworld Group for approximately $3.6 billion in cash.


HD Supply (Nasdaq: HDS) reported higher third quarter earnings and revenue that topped analyst expectations.


Barclays upgraded Snap (NYSE: SNAP) from an Equal Weight rating to an Overweight rating and lifted its price target from $11 to $18 per share. 


On the downside 


Advisors Asset Management sold more than 10% of its stake in Edison International (NYSE: EIX) in the third quarter.


Fourth quarter earnings and revenue for Toll Brothers (NYSE: TOL) fell short of expectations. 


Retreating gold prices weighed down shares of Sibanye Gold (NYSE: SBGL).


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,639. Bitcoin leaped $301 to $11,751.


The markets retreated to close mixed with the Dow gaining 58 points to close at 24,290 as investors abandoned technology stocks. Nasdaq plummeted 72 points to 6,775.


On the upside


General Cable (NYSE: BGC) will be acquired by Prysmian for a premium of approximately $3 billion in cash.


Bue Apron (NYSE: APRN) has replaced former chief executive Matthew Salzburg with former chief financial officer Brad Dickerson.


Shares of Cameco (NYSE: CCJ) climbed after rival uranium producer Kazatomprom announced that it would cut production by 20% beginning in 2018. 


On the downside 


Ra Pharmaceuticals (Nasdaq: RARX) reported positive interim results from an ongoing Phase 2 clinical program evaluating RA101495 SC to treat paroxysmal nocturnal hemoglobinuria but the stock price plunged.


Investors locked in profits on Windstream Holdings (Nasdaq: WIN). 


Roth Capital analyst Phillip Shen lifted his price target on Daqo New Energy (NYSE: DQ) from $50 to $65 but the stock price plummeted.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 2,639. Bitcoin leaped $307 to $11,457.


The markets traded mixed during the midday with the Dow soaring 129 points to 24,361. Nasdaq dropped 44 points to 6,803.


Weight Watchers announced that more than 200 food items will be added to its Zero Points foods list. People will now be able to eat as much lean protein items, such as skinless chicken breast, nonfat plain yogurt, and lentils, as they want and still achieve their goal. The update simplifies the company's weight loss program and is designed to attract new members.


Facebook introduced its new Messenger Kids app geared for children under the age of 13. Parents control the app that kids can use to talk or text with family and friends who are on an approved contacts list. Currently, there is only an iOS version of the app but Messenger Kids will be available on Amazon and Google early next year.


Apple will begin paying approximately $14.5 billion in back taxes that it owes to the Irish government in the first quarter of 2018. Both Ireland and Apple dispute the ruling by the European Commission that Ireland gave Apple a sweetheart tax deal and have appealed the decision. The money will be deposited into an escrow account until the appeals process is completed.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE while decliners were on par with advancers on Nasdaq. The broader S&P 500 rose 5 points to 2,647. Bitcoin slipped $11 to $11,138.


The markets surged to open sharply higher with the Dow leaping 193 points to 24,424 after the Senate passed its tax overhaul bill. Nasdaq soared 50 points to 6,897.


On the upside


Macy's (NYSE: M) will hire 7,000 additional seasonal workers in response to strong holiday sales.


Bargain hunters lifted shares of Momo (Nasdaq: MOMO).


Infosys (NYSE: INFY) named Salil S. Parekh to the position of chief executive officer. 


On the downside 


CVS (NYSE: CVS) will pay approximately $69 billion in cash and stock to acquire Aetna (NYSE: AET).


Stock News Gazette noted that Advanced Micro Devices (Nasdaq: AMD) insiders executed 16 sell transactions and no buy transactions in the past three months. 


MKM Partners expects Finisar (Nasdaq: FNSR) to report disappointing results for the second quarter.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 15 points to 2,657. Bitcoin soared $164 to $11,314.


The markets closed lower with the Dow falling 40 points to 24,231 after former national security advisor Michael Flynn pleaded guilty to lying to the FBI. Nasdaq lost 26 points to 6,847.


On the upside


American Woodmark (Nasdaq: AMWD) reported higher second quarter earnings and revenue and announced plans to acquire RSI Home Products for approximately $486 million in cash and stock.


The Food and Drug Administration approved Foundation Medicine's (Nasdaq: FMI) FoundationOne CDx diagnostic test for solid tumors.


Bargain hunters lifted shares of Stitch Fix (Nasdaq: SFIX). 


On the downside 


Genesco (NYSE: GCO) fell to a greater than expected loss for the third quarter.


Zumiez (Nasdaq: ZUMZ) reported higher third quarter earnings and revenue but the company forecast slowing growth in the fourth quarter. 


The underwriters of Sogou's (NYSE: SOGO) initial public offering have exercised their over allotment option.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by a margin of more than 3 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 2,642. Bitcoin rocketed $998 to $10,848.


Amazon explores drug purchasing

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The markets retreated during the midday with the Dow tumbling 91 points to 24,180. Nasdaq dropped 45 points to 6,828.


Amazon has engaged in early stage conversations with generic drug makers for potential business opportunities. No details have been revealed about the meetings with companies such as Mylan and Novartis unit Sandoz. Amazon is reportedly interested in drug purchasing.


Apple partnered with Stanford Medicine on the Apple Heart Study app which will monitor and detect irregular heart rhythms. A sensor in the Apple Watch will gather data at four different points on a user's wrist to determine the amount of blood that is flowing through the arm. A notification will be sent to users if an irregular heart rhythm is detected.


A proposed class action lawsuit against Capital One for collecting illegal overdraft fees was revived by an appeals court. A lower court had dismissed the case that accused the bank of breach of contract by wrongfully imposing overdraft fees when sufficient funds were in customer accounts to cover purchases. Capital One has maintained that the bank has sole discretion in processing checks, automatic payments and withdrawals on customer accounts.


In the broad market, declining issues were on par with advancers on the NYSE while decliners outpaced advancers by a margin of more than 5 to 3 on Nasdaq. The broader S&P 500 fell 11 points to 2,636. Bitcoin jumped $704 to $10,554.


The markets opened mixed with the Dow rising 33 points to 24,305 while Nasdaq fell 29 points to 6,844 as lawmakers raised concerns about the tax bill.


On the upside


Nutanix (Nasdaq: NTNX) narrowed losses for the first quarter as revenue surged.


Ambarella (Nasdaq: AMBA) reported better than expected earnings for the third quarter.


Rising crude oil prices lifted shares of Whiting Petroleum (NYSE: WLL). 


On the downside 


Profit taking weighed down shares of Rite Aid (NYSE: RAD).


Ulta Beauty (Nasdaq: ULTA) reported higher third quarter earnings and revenue but same store sales growth dropped. 


Shares of Momo (Nasdaq: MOMO) fell for the eighth day.


In the broad market, declining issues were on par with advancers on the NYSE while decliners outpaced advancers by a margin of more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2,645. Bitcoin leaped $743 to $10,592.


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