Tax bill enthusiasm lifts markets

Enthusiasm for the tax bill lifted the markets to a higher close with the Dow gaining 55 points to 24,782. Nasdaq added 4 points to 6,965.


On the upside


Gener8 Maritime (NYSE: GNRT) will be acquired by Euronav in an all stock transaction.


Boeing (NYSE: BA) has engaged in discussions to potentially acquire Embraer (NYSE: ERJ).


Shares of LexinFintech (Nasdaq: LX) soared in its market debut.


On the downside


GNC Holdings (NYSE: GNC) executed exchange agreements with certain convertible senior notes holders.


Investors locked in profits on Future FinTech Group (Nasdaq: FTFT).


Apogee Enterprises (Nasdaq: APOG) cut its full year fiscal 2018 forecast.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 rose 5 points to 2,684. Bitcoin plunged $222 to $15,413.


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