Financial News

Higher close over earnings

Positive earnings news lifted the markets to a higher close with the Dow gaining 61 points to 17,113. Nasdaq climbed 31 points to 4,456.

On the upside 

Blue Hills Bancorp (Nasdaq: BHBK) surged in its market debut.

Chipole Mexican Grill (NYSE: CMG) reported higher second quarter earnings and revenue that surpassed analyst expectations.

Woodward (Nasdaq: WWD) reported sharply higher second quarter earnings that more than doubled to beat expectations.

On the downside 

Second quarter earnings and revenue rose for Cadence Design Systems (Nasdaq: CDNS) but the company forecast current quarter earnings below expectations.

Pretium Resources (NYSE: PVG) priced its offering of 8.28 million common shares at the discounted price of $7.25 per share. 

CymaBay Therapeutics (Nasdaq: CBAY) priced its public offering of 4 million common shares at the discounted price of $5.50 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 9 points to 1983. Bitcoin eased a fraction to $617.

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