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Higher open as crude oil rises

The markets opened higher with the Dow climbing 70 points to 23,500 as crude oil prices rose. Nasdaq gained 30 points to 6,820.


On the upside


Palo Alto Networks (NYSE: PANW) reported a smaller than expected loss for the first quarter as revenue climbed.


Starboard Value acquired a 10.7% stake in Mellanox Technologies (Nasdaq: MLNX).


Medtronic (NYSE: MDT) reported better than expected earnings for the second quarter.

On the downside


Signet Jewelers (NYSE: SIG) fell to a greater than expected loss for the third quarter and lowered its forecast.


Third quarter earnings fell for Vipshop Holdings (NYSE: VIPS).


Campbell Soup (NYSE: CPB) disappointed with lower first quarter earnings that fell short of expectations and warned of lower earnings for the year.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 rose 7 points to 2,589. Bitcoin climbed $69 to $8,309.


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