Higher open as tensions with North Korea ease

Easing tensions with North Korea boosted the markets to a sharply higher open with the Dow soaring 87 points to 21,945. Nasdaq climbed 50 points to 6,306.

On the upside

Fiat Chrysler (NYSE: FCAU) rejected a buyout offer from a Chinese automaker saying that the offer was too low.

Shares of Micron Technology (Nasdaq: MU) extended its gains.

Bargain hunters snapped up shares of Nvidia (Nasdaq: NVDA).

On the downside

JD.com (Nasdaq: JD) widened losses for the second quarter.

Shares of Carvana (NYSE: CVNA) continued to fall.

Investors locked in profits on Community Health Systems (NYSE: CYH).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 13 points to 2,454. Bitcoin leaped $139 to $4248.

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