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Mixed open ahead of tax plan details

First time applications for unemployment benefits fell to its lowest level in more than 44 years but the markets opened mixed with the Dow rising 28 points to 23,463 while Nasdaq slipped 7 points to 6,709 as investors await details of the GOP tax plan.


On the upside


Neurocrine Biosciences (Nasdaq: NBIX) narrowed losses for the third quarter more than expected.


Same store sales rose 2% in October for L Brands (NYSE: LB) and the company affirmed its full year forecast.


Terra data (NYSE: TDC) reported better than expected earnings and revenue for the third quarter and appointed Mark Culhane to the position of executive vice president, chief financial officer and principal accounting officer.

On the downside


Third quarter earnings and revenue fell short of expectations for Newell Brands (NYSE: NWL) prompting the consumer goods company to cut its full year forecast.


Treehouse Foods (NYSE: THS) disappointed with lower third quarter earnings that missed expectations and announced the resignation of president Robert B. Aiken.


Teva Pharmaceuticals (NYSE: TEVA) disappointed with third quarter earnings and revenue that fell short of expectations prompting the generic drug maker to cut its full year outlook.


In the broad market, declining issues outpaced advancers by a slim margin on the NYSE while advancers edged out decliners by a margin of 6 to 5 on Nasdaq. The broader S&P 500 added 4 points to 2,579. Bitcoin leaped $504 to $7,091.


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