Producer prices rose a healthy 0.4% in November to lift the markets to a higher open with the Dow gaining 66 points to 24,452. Nasdaq slipped 3 points to 6,872.

On the upside

Investopedia wrote that Valeant Pharmaceuticals International (NYSE: VRX) should experience strong growth in 2018.

CF Industries (NYSE: CF) announced a tender offer for up to $200 million in senior notes.

AMC Entertainment Holdings (NYSE: AMC) entered a Memorandum of Understanding with The Public Investment Fund of Saudi Arabia to explore commercial opportunities for collaboration.

On the downside

Oasys Petroleum (NYSE: OAS) priced its public offering of 32 million common shares at the discounted price of $9.55.

Concerns that Edison International (NYSE: EIX) power lines may have caused multiple massive wildfires in Southern California sent shares of the utility tumbling.

Iron Mountain (NYSE: IRM) announced a private placement of $825 million in senior unsecured notes to finance its purchase of IO Data Centers.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,661. Bitcoin climbed $242 to $17,034.