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Gain in consumer spending lifts markets

Consumer spending rose 0.3% in July to lift the markets to a higher open with the Dow climbing 92 points to 18,487. Nasdaq rose 9 points to 5,228.


On the upside


Macrocure (Nasdaq: MCUR) will be acquired by Leap Therapeutics.


Shares of Staffing 360 Solutions (Nasdaq: STAF) climbed ahead of its earnings release.


Bargain hunters lifted shares of SkyPeople Fruit Juice (Nasdaq: SPU).


On the downside


A bankruptcy judge ruled that Caesars Entertainment (Nasdaq: CZR) must face bondholder lawsuits of approximately $11 billion in claims.


Shares of Adamis Pharmaceuticals (Nasdaq: ADMP) and Antares Pharmaceuticals (Nasdaq: ATRS) fell after Mylan (Nasdaq: MYL) announced plans to offer a generic version of its severe allergic reaction auto-injector treatment EpiPen.


Gilead Sciences (Nasdaq: GILD) stock fell for the fifth day.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 9 points to 2,178. Bitcoin added $4 to $576.

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