A tax plan was finalized by Congressional Republicans lifting the markets to a higher close with the Dow climbing 80 points to 24,585. Nasdaq gained 13 points to 6,875.
On the upside
Jianpu Technology (NYSE: JT) narrowed losses for the third quarter as revenue soared.
Overstock.com (Nasdaq: OSTK) founder and chief executive formed a joint venture with Peruvian economist Hernando de Soto to develop a blockchain based global property registry system.
PPDAI Group (NYSE: PPDF) impressed with sharply higher third quarter earnings and revenue and the company announced a partnership with Sun Hung Kai & Co. to jointly explore potential collaboration opportunities.
On the downside
Bristow Group (NYSE: BRS) announced a public offering of $125 million in convertible senior notes.
Investors locked in profits on Proteostasis Therapeutics (Nasdaq: PTI).
Profit taking weighed down shares of Accuray (Nasdaq: ARAY).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,662. Bitcoin plummeted $699 to $16,377.
