The markets rebounded to open higher with the Dow rising 26 points to 22,322 even as consumer confidence fell. Nasdaq gained 21 points to 6,391.
On the upside
Nvidia (Nasdaq: NVDA) will provide Alibaba Cloud (NYSE: BABA), Baidu (Nasdaq: BIDU) and Tencent with artificial intelligence GPU accelerators.
Atlantic Equities upgraded L Brands (NYSE: LB) from a Neutral rating to an Overweight rating.
Red Hat (NYSE: RHT) reported higher second quarter earnings and revenue that beat expectations prompting the company to lift its full year forecast.
On the downside
Sabra Health (Nasdaq: SBRA) priced its public offering of 16 million common shares at the discounted price of $21.00 per share.
IHS Markit (Nasdaq: INFO) acquired approximately 78% of predictive analytics company automotiveMastermind for approximately $392 million.
Darden Restaurants (NYSE: DRI) reported higher first quarter earnings and revenue but same store sales rose less than expected.
In the broad market, advancing issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by nearly 9 to 8 on Nasdaq. The broader S&P 500 gained 5 points to 2,501. Bitcoin lost $14 to $3,923.
