Potential tax cut plan lifts markets

A potential plan to cut taxes lifted the markets to a higher open with the Dow gaining 42 points to 23,205. Nasdaq rose 28 points to 6,633.


On the upside


Skechers (NYSE: SKX) reported higher third quarter earnings and revenue that beat expectations.


Atlassian (Nasdaq: TEAM) reported a smaller than expected loss for the first quarter and lifted its full year forecast.


athenahealth (Nasdaq: ATHN) reported better than expected earnings for the third quarter and announced plans to eliminate approximately 9% of its workers.

On the downside


Celgene (Nasdaq: CELG) halted two studies for the Crohn's disease treatment mongersen prompting a downgrade.


NCR (NYSE: NCR) reported lower third quarter revenue and lowered its full year forecast.

Gentex (Nasdaq: GNTX) reported lower third quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 rose 5 points to 2,567. Bitcoin slipped $8 to $5,714.


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