Gain in producer prices lifts markets

Producer prices rose 0.2% last month to lift the markets to a higher open with the Dow climbing 79 points to 25,086. Nasdaq gained 28 points to 7539.


On the upside


Camping World Holdings (NYSE: CWH) will acquire River City Recreation World.


RF Industries (Nasdaq: RFIL) swung to a profit for the first quarter as revenue surged.


PetIQ (Nasdaq: PETQ) reported a smaller than expected loss for the fourth quarter.

On the downside


Signet Jewelers (NYSE: SIG) reported higher fourth quarter earnings and revenue but the company forecast a drop in same store sales in fiscal 2019 and announced a three year strategic plan.


China Lodging Group (Nasdaq: HTHT) reported higher fourth quarter earnings and revenue but the stock price fell.


Intellia Therapeutics (Nasdaq: NTLA) widened losses for the fourth quarter.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by a margin of nearly 6 to 5 on Nasdaq. The broader S&P 500 gained 9 points to 2,774. Bitcoin plummeted $388 to $8,726.


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