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Higher close as House and Senate work on compromise tax plan

The markets closed higher with the Dow climbing 70 points to 24,211 as House and Senate Republicans worked on a compromise tax plan. Nasdaq gained 36 points to 6,812.


On the upside


Stryker (NYSE: SYK) will pay a premium of approximately $662 million in cash to acquire Entellus Medical (Nasdaq: ENTL).


SeaChange International (Nasdaq: SEAC) narrowed third quarter losses and announced that its Adrenalin multiscreen video solution was selected to be part of Liberty Global's next-generation video platform.


Shares of Immunomedics (Nasdaq: IMMU) extended its gains.


On the downside


LendingClub (NYSE: LC) cut its fourth quarter guidance and forecast 2018 results below expectations.


Third quarter earnings slipped for Argan (NYSE: AGX).


Duluth Holdings (Nasdaq: DLTH) fell to a loss for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2,636. Bitcoin vaulted $2,097 to $15,775.


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