Passage of bipartisan budget bill boosts markets

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The markets opened sharply higher with the Dow soaring 132 points to 23,992 after a bipartisan budget deal was signed. Nasdaq surged 86 points to 6863.


On the upside


FireEye (Nasdaq: FEYE) reported record revenue and the company's first ever adjusted profit for the fourth quarter.


Skechers USA (NYSE: SKX) reported a smaller than expected loss for the fourth quarter on record revenue.


Nvidia (Nasdaq: NVDA) reported higher fourth quarter earnings and revenue that beat expectations.

 

On the downside 


Expedia (Nasdaq: EXPE) disappointed with lower fourth quarter earnings that fell short of expectations and forecast 2018 results below estimates.


Fourth quarter earnings for Cboe Global Markets (Nasdaq: CBOE) missed expectations.


NCR (NYSE: NCR) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 crashed 100 points to 2,581. Bitcoin soared $230 to $8,450.


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This page contains a single entry by published on February 9, 2018 6:51 AM.

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