Higher close on inauguration day

The markets closed higher with the Dow climbing 94 points to 19,827 after the inauguration of President Donald Trump. Nasdaq gained 15 points to 5,555.


On the upside


Cartesian (Nasdaq: CRTN) reported strong growth in demand for its network transformation services.


Infinity Pharmaceuticals (Nasdaq: INFI) presented positive preclinical data for its oral immune-oncology development candidate IPI-549.


Stone Energy's (NYSE: SGY) purchase and sale agreement with TH Exploration was approved by a bankruptcy court.


On the downside


Bloomberg reported that the Federal Trade Commission would most likely not approve Walgreens Boots Alliance's (Nasdaq: WBA) proposed acquisition of Rite Aid (NYSE: RAD).


Citron Research said that TransDigm Group (NYSE: TDG) engaged in price gouging.


Uranium Resources (Nasdaq: URRE) closed its public offering of nearly 1.4 million common shares.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index gained 7 points to 2,271. Bitcoin added $4 to $891.


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