Higher open as market rally continues


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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