Higher open on mild inflation


Mild inflation lifted the markets to a higher open with the Dow climbing 79 points to 25,257. Nasdaq climbed 39 points to 7627.

On the upside

Mizuho analyst Vijay Rakesh lifted his price target on Micron Technology (Nasdaq: MU) from $55 to $66.

President Donald Trump blocked Broadcom's (Nasdaq: AVGO) proposed acquisition of Qualcomm (Nasdaq: QCOM).

Nutanix (Nasdaq: NTNX) will acquire Netsil.


On the downside 

BlackLine (Nasdaq: BL) priced its public offering of 8 million common shares at the discounted price of $41.50 per share.

Fourth quarter revenue for Dick's Sporting Goods (NYSE: DKS) missed expectations as same store sales fell.

Myriad Genetics (Nasdaq: MYGN) received a subpoena from the Department of Health and Human Services, Office of Inspector General, for an investigation into potentially false or improper payment claims submitted to Medicare and Medicaid.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 3 points to 2,783. Bitcoin added $1 to $9,101.

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