Mixed open as crude oil slips


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.

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