Higher open as market rally continues

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The markets extended Friday's rally with the Dow soaring 147 points to to open at 24,337. Nasdaq climbed 62 points to 6936.


On the upside


CSRA (NYSE: CSRA) will be acquired by General Dynamics (NYSE: GD) for a premium of approximately $6.8 billion.


Fourth quarter earnings surged three-fold for Restaurant Brands International (NYSE: QSR) as revenue climbed.


Rising gold prices lifted shares of B2Gold (NYSE: BTG).

 

On the downside 


A lawsuit has alleged that Ulta Beauty (Nasdaq: ULTA) resells used make-up as new products.


Wedbush downgraded Lumber Liquidators (NYSE: LL) from an Outperform rating to a Neutral rating and slashed its price target from $39 to $28.


Dycom Industries (NYSE: DY) warned that second quarter results would fall short of previous guidance.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 17 points to 2,636. Bitcoin soared $265 to $8,571.


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This page contains a single entry by published on February 12, 2018 6:56 AM.

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