Another volatile trading day ends on a bright note


Another volatile day for the markets ended sharply higher with the Dow leaping 330 points to 24,190. Nasdaq jumped 97 points to 6874.

On the upside

Wesco Aircraft Holdings (NYSE: WAIR) reported a smaller than expected loss for the first quarter.

MobileIron (Nasdaq: MOBL) narrowed fourth quarter losses, announced that it will provide its MobileIron Web@Work and Docs@Work security services to Cordaan and announced that German Red Cross of Rhineland-Palatinate will use its platform to manage Windows laptops and smartphones.

Unisys (NYSE: UIS) swung to a profit for the fourth quarter.


On the downside 

Tandem Diabetes Care (Nasdaq: TNDM) priced its public offering of 30 million shares of common stock at the discounted price of $2.00 per share. (Nasdaq: WEB) reported higher fourth quarter earnings and revenue but the stock price fell.

NGL Energy Partners (NYSE: NGL) reported a profit for the third quarter but the gains were mostly due to asset sales.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 surged 38 points to 2,619. Bitcoin soared $233 to $8,828.

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This page contains a single entry by published on February 9, 2018 4:54 PM.

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