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Consumer confidence falls but markets open higher

Consumer confidence fell to 127.7 in March from 130 the previous month but the markets opened higher with the Dow gaining 74 points to 24,276 as fears of a trade war faded. Nasdaq rose 35 points to 7255.


On the upside


Red Hat (NYSE: RHT) reported a smaller than expected loss for the fourth quarter as revenue soared.


GlaxoSmithKline (NYSE: GSK) will pay $13 billion in cash to buy the 36.5% stake that Novartis (NYSE: NVS) owns in their consumer healthcare joint venture.


Bargain hunters lifted shares of General Electric (NYSE: GE).

On the downside


Profit taking weighed down shares of Newell Brands (NYSE: NWL).


Geron (Nasdaq: GERN) extended its losses.


Overstock.com (Nasdaq: OSTK) will offer 4 million shares of common stock through a public offering.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 11 points to 2,669. Bitcoin climbed $93 to $7,982.


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