Mixed open even as pending home sales soar

The markets opened mixed with the Dow gaining 47 points to 23,883 even as pending home sales climbed 3.5%. Nasdaq slipped 5 points to 6,907.


On the upside


Rite Aid (NYSE: RAD) completed the transfer of 97 stores to Walgreens (Nasdaq: WBA).


Nuance Communications (Nasdaq: NUAN) reported a smaller than expected loss for the fourth quarter.


Strong Black Friday and Cyber Monday retail sales lifted shares of Macy's (NYSE: M).

On the downside


Autodesk (Nasdaq: ADSK) reported a loss for the third quarter and announced plans to eliminate over 1,000 jobs.


Shares of Square (NYSE: SQ) continued to fall.


Investors locked in profits on PayPal (Nasdaq: PYPL).


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,627. Bitcoin rocketed $1,259 to $11,179.


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