Crude oil rises, markets close higher

|

Rising crude oil prices lifted the markets to a sharply higher close with the Dow soaring 102 points to 25,385. Nasdaq rose 6 points to 7163.


On the upside


Eastman Kodak (NYSE: KODK) will launch its own KodakCoin cryptocurrency for photographers.


Boston Scientific (NYSE: BSX) reported higher preliminary fourth quarter revenue that topped analyst estimates.


Shares of Alder Biopharmaceuticals  (Nasdaq: ALDR) extended its gains.


On the downside 


An independent data monitoring committee recommended that Axsome Therapeutics (Nasdaq: AXSM) discontinue its CREATE-1 trial of AXS-02.


Big 5 Sporting Goods (Nasdaq: BGFV) reported lower fourth quarter revenue as same store sales dropped and warned of losses.


e.l.f. Beauty (NYSE: ELF) affirmed its 2017 guidance.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,751. Bitcoin fell $40 to $14,616.


About this Entry

This page contains a single entry by published on January 9, 2018 1:44 PM.

Toyota expands air bag inflator recall was the previous entry in this blog.

Lower open as China mulls end to bond buying 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