Higher open as CES begins


The markets opened higher with the Dow rising 29 points to 25,312 as the annual Consumer Electronics Show began in Las Vegas. Nasdaq gained 17 points to 7174.

On the upside

Altice (NYSE: ATUS) will spinoff its Altice USA unit into a separate business and rename itself Altice Europe.

Pain Therapeutics (Nasdaq: PTIE) reported positive results from a human abuse potential study of its late stage drug candidate REMOXY.

The Food and Drug Administration granted Breakthrough Therapy Designation to Global Blood Therapeutics' (Nasdaq: GBT) voxelotor to treat sickle cell disease.

On the downside 

Express (NYSE: EXPR) cut its fourth quarter forecast after disappointing holiday sales.

Acuity Brands (NYSE: AYI) reported lower first quarter earnings and revenue.

Urban Outfitters (Nasdaq: URBN) reported same store sales for November and December that fell short of expectations.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,751. Bitcoin tumbled $192 to $14,464.

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This page contains a single entry by published on January 9, 2018 6:56 AM.

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