Chronicle Journal: Finance

Lower open as earnings disappoint

The markets opened lower with the Dow slipping 18 points to 22,854 on disappointing earnings. Nasdaq lost 9 points to 6,594.

On the upside

Piper Jaffray lifted its price target on Zendesk (NYSE: ZEN) from $33.00 to $35.00.

ZTO Express (NYSE: ZTO) will increase its delivery prices.

DXC Technology (NYSE: DXC) will combine its U.S. Public Sectors business with Vencore Holding and KeyPoint Government Solutions to form a separate, publicly traded company.

On the downside

Blackhawk Network Holdings (Nasdaq: HAWK) widened losses for the third quarter and lowered its full year outlook.

A shoplifter stole $2,800 worth of merchandise from an Ulta Beauty (Nasdaq: ULTA) store.

Kirkland Lake Gold (NYSE: KL) reported strong third quarter operating results but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 3 points to 2,552. Bitcoin leaped $400 to $5,195.

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