Chronicle Journal: Finance

Mixed close after Russians indicted

The markets closed mixed with the Dow rising 19 points to 25,219 while Nasdaq lost 16 points to 7239 after 13 Russians were indicted for interfering with the 2016 presidential elections.


On the upside


Citigroup upgraded Calithera Biosciences (Nasdaq: CALA) from a Neutral rating to a Buy rating.


Shares of U.S. Steel (NYSE: X) and AK Steel (NYSE: AKS) soared on news that the Commerce Department recommended the enactment of steep tariffs on foreign steel.


Fourth quarter earnings surged for Cowen (Nasdaq: COWN).

On the downside


Cloud Peak Energy (NYSE: CLD) disappointed with sharply lower fourth quarter earnings that fell short of expectations.


Impinj (Nasdaq: PI) fell to a greater than expected loss for the fourth quarter.


Pacira Pharmaceuticals (Nasdaq: PCRX) will present at the 2018 RBC Capital Markets Healthcare Conference.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 added a point to 2,732. Bitcoin tumbled $107 to $10,122.


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