The markets opened flat with the Dow holding steady at 26,214 over concerns that new import tariffs on solar panels will lead to job losses due to fewer solar installations. Nasdaq rose 16 points to 7424.
On the upside
Netflix (Nasdaq: NFLX) added far more subscribers in the fourth quarter than expected prompting analysts to lift their price targets on the streaming service.
Shares of First Solar (Nasdaq: FSLR) soared after steep new tariffs on solar panel imports were announced.
ResMed (NYSE: RMD) reported better than expected second quarter results.
On the downside
Insmed (Nasdaq: INSM) announced a proposed public offering of $300 million in convertible senior notes.
Credit Suisse downgraded Pretium Resources (NYSE: PVG) to a Hold rating.
Second quarter earnings dropped for New Oriental Education & Technology Group (NYSE: EDU).
In the broad market, advancing issues outpaced decliners by a margin of 6 to 5 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added 3 points to 2,835. Bitcoin crashed $409 to $10,279.