Markets react to firing of Comey

The abrupt firing of FBI director James Comey by President Donald Trump sent the markets down to a lower open with the Dow falling 66 points to 20,909. Nasdaq lost 12 points to 6,108.


On the upside


Medical Transcription Billing (Nasdaq: MTBC) widened first quarter losses but revenue soared.


Nvidia (Nasdaq: NVDA) impressed with sharply higher first quarter earnings that more than doubled to beat expectations by a wide margin.


Array BioPharma (Nasdaq: ARRY) reported positive results from Part 2 of the Phase 3 COLUMBUS study evaluating binimetinib and encorafenib in patients with BRAF-mutant advanced, unresectable or metastatic melanoma.


On the downside


First quarter revenue for Yelp (NYSE: YELP) fell short of expectations prompting the online review site to cut its full year revenue forecast.


Fossil Group (Nasdaq: FOSL) fell to a greater than expected loss for the first quarter as revenue dropped and forecast current quarter results below estimates.

Rocket Fuel (Nasdaq: FUEL) widened losses for the first quarter as revenue fell.


The broader S&P 500 slipped 3 points to 2,393. Bitcoin soared $76 to $1739.


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