Another volatile trading day ends on a bright note

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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.


Web.com (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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