Financial News

Republicans take Congress, markets open higher

Republicans gained full control of Congress lifting the markets to a higher open with the Dow climbing 57 points to 17,441. Nasdaq rose 6 points to 4,630.

On the upside

Coupons.com (NYSE: COUP) narrowed losses for the third quarter more than expected as revenue climbed.

Xiaomi's plan to spend $1 billion on TV content lifted shares of YOU On Demand (Nasdaq: YOD).

Shares of Antero Resources Midstream (NYSE: AM) soared on its first trading day.

On the downside

FireEye (Nasdaq: FEYE) widened third quarter losses.

Chuy's (Nasdaq: CHUY) reported higher third quarter earnings but the results missed analyst expectations and the restaurant chain forecast full year earnings below estimates.

zulily (Nasdaq: ZU) narrowed losses for the third quarter as revenue soared but the average order value edged up 2%.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 7 points to 2019. Bitcoin gained $13 to $339.
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