Financial News

Gain in productivity lifts markets

An increase in third quarter productivity lifted the markets to a higher close with the Dow gaining 35 points to 19,251. Nasdaq climbed 24 points to 5,333.


On the upside


Enphase Energy (Nasdaq: ENPH) sold its Residential Operations & Maintenance Field Services Division of Next Phase Solar to SunSystem Technology.


Novavax (Nasdaq: NVAX) will participate in the 4th Annual Guggenheim Boston Healthcare Conference on Tuesday, December 13.


Republic First Bancorp (Nasdaq: FRBK) completed its $100 million stock offering and named Vernon W. Hill to the position of director and chair of the board.


On the downside


Chipotle Mexican Grill (NYSE: CMG) warned that it may miss its full year forecast.


Rent-A-Center (Nasdaq: RCII) chief financial officer Guy J. Constant resigned.


Barnes & Noble Education (NYSE: BNED) reported lower second quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index gained 7 points to 2,212. Bitcoin added $2 to $754.


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