Drop in unemployment rate lifts markets

A drop in the nation's unemployment rate lifted the markets to a higher open with the Dow rising 33 points to 21,177. Nasdaq climbed 30 points to 6,277.


On the upside


Lululemon Athletica (Nasdaq: LULU) reported better than expected earnings for the first quarter and announced plans to close its Ivivva brand stores.


Cantor Fitzgerald initiated coverage of Synergy Pharmaceuticals (NYSE: SGYP) with an Overweight rating and a price target of $11.00.


Shares of ChinaCache International Holdings (Nasdaq: CCIH) extended its gains.


On the downside


RH (NYSE: RH) reported a loss for the first quarter and cut its full year forecast.


Endocyte (Nasdaq: ECYT) will narrow the development program for EC1169 and stop enrollment in the EC1456 trial.

Fourth quarter earnings for Boot Barn (NYSE: BOOT) fell short of expectations.


The broader S&P 500 added 3 points to 2,433. Bitcoin gained $18 to $2377.


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