Strong jobs numbers lift markets

Private employers added a healthy 250,000 jobs in December to lift the markets to a higher open with the Dow rising 42 points to 24,964. The tech-heavy Nasdaq gained 24 points to 7089.


On the upside


An investor group led by Apollo Global Management and Varde Partners will acquire Fortress Investment Group's stake in OneMain Holdings (NYSE: OMF) for approximately $1.4 billion.


A potential security flaw in Intel (Nasdaq: INTC) chips lifted shares of rival Advanced Micro Devices (Nasdaq: AMD).


CVS Health (NYSE: CVS) said that its cash flow will surge by $1.2 billion under the new tax code.


On the downside


L Brands (NYSE: LB) reported higher holiday sales but year to date sales fell.


Macy's (NYSE: M) will close eleven stores in early 2018.


Investors locked in profits on Roku (Nasdaq: ROKU).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 2 Nasdaq. The broader S&P 500 gained 6 points to 2,719. Bitcoin plunged $216 to $14,635.


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