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Higher open as GOP tweaks tax plan

The markets opened higher with the Dow climbing 77 points to 24,585 as the GOP tweaked their tax plan to ensure passage. Nasdaq gained 15 points to 6,871.


On the upside


DDR (NYSE: DDR) will spin off 50 of its properties into a new company to be named Retail Value Trust.


Under Armour (NYSE: UA) is using drones to promote its latest Curry 4 shoe which drops on Saturday.


Teva Pharmaceutical (NYSE: TEVA) announced the exclusive launch of generic Viread.


On the downside


CSX (Nasdaq: CSX) chief executive Hunter Harrison has taken an unexpected medical leave of absence.


Oracle (NYSE: ORCL) reported higher second quarter earnings and revenue but growth in its cloud computing business fell short of expectations and the company forecast current quarter results below estimates.


Investors locked in profits on Finisar (Nasdaq: FNSR).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,660. Bitcoin leaped $1,380 to $17,699.


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