Financial News

Higher open on debt ceiling deal

The markets opened higher with the Dow rising 13 points to 21,820 on a deal to raise the debt ceiling. Nasdaq added 9 points to 6,402.

On the upside

RH (NYSE: RH) reported a smaller than expected loss for the second quarter as revenue rose and lifted its full year forecast.

The Board of Governors of the Federal Reserve System approved Synovus Bank's (NYSE: SNV) acquisition of Cabela (NYSE: CAB) subsidiary World's Foremost Bank.

FireEye (Nasdaq: FEYE) will present at the Citi 2017 Global Technology Conference today in New York.

On the downside

Alnylam Pharmaceuticals (Nasdaq: ALNY) halted a midstage study of its hemophilia treatment fitusiran after a patient death.

Exelixis (Nasdaq: EXEL) introduced new corporate branding.

Antero Midstream Partners (NYSE: AM) priced its secondary offering of 10 million common units at the discounted pride of $31.45.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2,468. Bitcoin soared $65 to $4,648.

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