Bargain hunters lift markets

The markets opened higher with the Dow gaining 54 points to 23,698 as bargain hunters snapped up deals. Nasdaq climbed 54 points to 6924.

On the upside

Fiat Chrysler (NYSE: FCAU) reported its best March retail sales in 17 years.

U.S. Steel (NYSE: X) resolved alleged water violations at its Midwest Plant in Portage, Indiana by paying a $600,000 civil penalty and at $630,000 reimbursement to federal agencies.

BTIG upgraded Exact Sciences (Nasdaq: EXAS) from a Neutral rating to a Buy rating.

On the downside

Switch (NYSE: SWCH) fell to a greater than expected loss for the fourth quarter.

Citi cut its price target on Signet Jewelers (NYSE: SIG) from $42.00 to $39.00.

Welltower (NYSE: HCN) acquired a senior living community in Boca Raton for $130 million.

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 13 points to 2,594. Bitcoin soared $355 to $7,333.

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