Wall Street traded up in pre-market session after New Year's Day. Among the stocks with upside movement, shares of Digital Power (DPW, Financial) traded higher in pre-market session on news that its wholly owned subsidiary, CooliSys Technologies Inc., agreed to acquire Enertec, a private Israeli company, from Micronet Enertec Technologies Inc.
Amos Kohn, Coolisys president and CEO, said, “The purchase of Enertec marks a major step in continuing to execute our acquisition growth strategy into 2018 and beyond. We are very pleased that through this anticipated acquisition, we will realize an expansion of our customer base and benefit from Enertec’s innovative technology."
The upside trend started the past week as the company said that it will add co-locations to reach its goal of 10,000 digital miners.
Gainers
· Advance Auto Parts Inc. (AAP, Financial)
· Nordstrom Inc. (JWN, Financial)
· Netflix Inc. (NFLX, Financial)
· Abbott Laboratories (ABT, Financial)
· Micron Technology Inc. (MU, Financial)
Losers
· Wynn Resorts Ltd. (WYNN, Financial)
· Interpublic Group of Companies Inc. (IPG, Financial)
· Omnicom Group Inc. (OMC, Financial)
· XL Group Ltd. (XL, Financial)
· Allstate Corp. (ALL, Financial)
Global markets
The main European stock markets traded lower. The U.K.'s FTSE retreated 0.53%, France's CAC traded lower 0.35% and Germany's Dax closed down 0.02%, while Spain's Ibex was up 0.26%.
In Asia, Japan's Nikkei closed down 0.08% while India’s BSE Sensex remained flat. Hong Kong's Hang Seng gained 1.99% and China´s SSE Composite jumped 1.24%.
Disclosure: The author holds no positions in any stocks mentioned.
