Mixed close even as productivity rises


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.

About this Entry

This page contains a single entry by published on December 6, 2017 3:43 PM.

Google pulls YouTube app from Amazon products was the previous entry in this blog.

Mixed open over potential government shutdown is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12