CPI holds steady but markets open higher

The markets opened higher with the Dow gaining 19 points to 21,572 even as the consumer price index held steady in June. Nasdaq climbed 15 points to 6,289.


On the upside


Celadon Group (NYSE: CGI) named Paul Svindland to the position of chief executive officer effective July 24.


Goldman Sachs upgraded Nutanix (Nasdaq: NTNX) from a Buy rating to a Conviction Buy rating.


Goldman Sachs upgraded NetApp (Nasdaq: NTAP) to Conviction Buy from Buy and lifted its price target from $46 to $47.

On the downside


A10 Networkds (NYSE: ATEN) reported a preliminary second quarter loss that was greater than expected.


CyberArk Software (Nasdaq: CYBR) warned that second quarter revenue would fall short of previous guidance.

Oppenheimer downgraded Himax Technologies (Nasdaq: HIMX) from a Perform rating to an Underperform rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,449. Bitcoin plunged $74 to $2241.


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