Flat open after days of market volatility


The markets opened flat with the Dow rising 9 points to 24,902 even as first time applications for unemployment benefits dropped last week. Nasdaq gained 16 points to 7067.

On the upside

Twitter (NYSE: TWTR) reported its first ever quarterly profit.

GrubHub (NYSE: GRUB) reported sharply higher fourth quarter earnings and revenue and announced a $200 million investment from KFC owner Yum Brands.

Second quarter earnings more than doubled for Coty (NYSE: COTY) to surpass expectations by a wide margin.


On the downside 

Canada Goose (NYSE: GOOS) reported higher third quarter earnings and revenue but investors locked in profits after running up the price ahead of its earnings release.

HanesBrands (NYSE: HBI) fell to a loss for the fourth quarter and forecast current quarter earnings below analyst expectations.

Profit taking weighed down shares of Snap (NYSE: SNAP).

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added 4 points to 2,685. Bitcoin surged $563 to $8,423.

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This page contains a single entry by published on February 8, 2018 6:52 AM.

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