Skip to main content

Markets soar even as producer prices rise

Producer prices rose last month but the markets extended its rally to open sharply higher with the Dow leaping 154 points to 25,047. Nasdaq climbed 57 points to 7200.


On the upside


Tripadvisor (Nasdaq: TRIP) reported higher fourth quarter revenue that topped analyst estimates and forecast full year earnings ahead of estimates.


Warren Buffet's Berkshire Hathaway acquired a $350 million stake in Teva Pharmaceutical (NYSE: TEVA).


Fourth quarter earnings surged for CenturyLink (NYSE: CTL).

On the downside


NetApp (Nasdaq: NTAP) fell to a loss for the third quarter.


Treehouse Foods (NYSE: THS) widened losses for the fourth quarter and announced plans to close its Visalia facility.


Kinross Gold (NYSE: KGC) disappointed with a smaller than expected profit for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 15 points to 2,713. Bitcoin surged $385 to $9,842.


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.