Dow closes above 20,000 for the first time

The Dow closed above 20,000 for the first time with the the blue chip index surging 155 points to 20,068. Nasdaq soared 55 points to 5,656.


On the upside


Halcon Resources (NYSE: HK) will acquire 20,748 acres in the Southern Delaware Basin for $705 million and will sell its East Texas Eagle Ford assets for $500 million.


Bob Evans Farms (Nasdaq: BOBE) will sell its Bob Evans Restaurants business to an affiliate of Golden Gate Capital for $565 million and will pay $115 million to acquire Pineland Farms Potato.


Logitech International (Nasdaq: LOGI) reported higher third quarter earnings and revenue that beat expectations and lifted its full year forecast.


On the downside


LINE (NYSE: LN) disappointed with quarterly earnings and revenue that fell short of expectations.


Commvault Systems (Nasdaq: CVLT) fell to a loss for the third quarter.


Horizon Global (NYSE: HZN) will sell 3.5 million shares of common stock and $100 million in convertible senior notes.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 18 points to 2,298. Bitcoin added $1 to $891.


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