Higher open as crude oil prices rise

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Crude oil prices advanced to lift the markets to a higher open with the Dow rising 39 points to 24,399. Nasdaq gained 15 points to 7281.


On the upside


TripAdvisor (Nasdaq: TRIP) reported stronger than expected earnings for the first quarter. 


Twilio (NYSE: TWLO) reported a smaller than expected loss for the first quarter a revenue climbed. 


Axon Enterprise (Nasdaq: AAXN) reported record revenue for the first quarter.

 

On the downside 


Weibo (Nasdaq: WB) reported higher first quarter earnings and revenue but the stock price tumbled.


The Middleby Corp. (Nasdaq: MIDD) disappointed with lower first quarter earnings and revenue that fell short of expectations.


Kinross Gold (NYSE: KGC) reported higher first quarter earnings and revenue that topped analyst estimates but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 gained 7 points to 2,678. Bitcoin climbed $85 to $9,261.


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This page contains a single entry by published on May 9, 2018 6:56 AM.

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