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Higher open on strong labor market

Jobless claims edged up last week but the labor market remained strong. The markets opened higher with the Dow gaining 46 points to 17,538 while Nasdaq rose 13 points to 5,036.

On the upside

Live Ventures (Nasdaq: LIVE) swung to a profit for the fourth quarter.

Blount International (NYSE: BLT) will be acquired by American Securities and P2 Capital Partners in an all cash transaction valued at approximately $855 million including the assumption of debt.

Shares of Hertz Global Holdings (NYSE: HTZ) continued climbing.

On the downside

The Men’s Wearhouse (NYSE: MW) fell to a loss for the third quarter.

Ciena (NYSE: CIEN) narrowed losses for the fourth quarter but the company forecast current quarter as well as full year revenue below estimates.

Shares of Oncothyreon (Nasdaq: ONTY) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,052. Bitcoin edged up a fraction to $415.

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