Markets open higher on rebounding crude oil prices

Rebounding crude oil prices lifted the markets to a higher open with the Dow climbing 64 points to 17,645. Nasdaq rose 7 points to 5,037.


On the upside


Chicago Bridge & Iron (NYSE: CBI) will sell its nuclear constuction business to Westinghouse Electric.


Infinera (Nasdaq: INFN) reported higher third quarter earnings and revenue that topped analyst estimates.


Third quarter earnings and revenue climbed for CBRE Group (NYSE: CBG) to beat expectations.


On the downside


Third quarter earnings for Akamai Technologies (Nasdaq: AKAM) slipped and the company forecast current quarter earnings below estimates prompting a downgrade.


IDEXX Laboratories (Nasdaq: IDXX) reported lower third quarter earnings and forecast full year earnings that missed expectations.


Macrocure (Nasdaq: MCUR) reported disappointing results from a Phase 3 study of CureXcell(R) to treat diabetic foot ulcers.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 gained 7 points to 2,073. Bitcoin rose $7 to $302.

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