The markets advanced during the midday with the Dow rising 31 points to 17,716 on upbeat jobs data. Nasdaq gains 16 points to 4,886.
On the upside
Appaloosa Management increased its stake in TerraForm Power (Nasdaq: TERP) to 10.88%.
Regeneron Pharmaceuticals (Nasdaq: REGN) reported positive results from two Phase 3 studies of dupilumab to treat moderate to severe atopic dermatitis.
The European Committee for Medicinal Products for Human Use has adopted a positive opinion for approval of Amicus Therapeutics’ (Nasdaq: FOLD) migalastat.
On the downside
Noble (NYSE: NE) announced the results of the tender offer by its wholly owned subsidiary Noble Holding International Limited.
Falling crude oil prices weighed down shares of Transocean (NYSE: RIG).
Anbang’s withdrawal from the bidding war for Starwood Hotels & Resorts (NYSE: HOT) left Marriott International (Nasdaq: MAR) paying $13.6 billion for Starwood.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added a point to 2,061. Bitcoin held steady at $415.
