A drop in crude oil prices weighed the markets down to a lower close with the Dow falling 30 points to 20,547. Nasdaq lost 6 points to 5,910.


On the upside


Briggs & Stratton (NYSE: BGG) reported higher third quarter earnings that topped analyst estimates and the company declared a quarterly cash dividend of 14 cents per common share payable on June 30, 2017 to shareholders of record June 16, 2017.


Shares of Akari Therapeutics (Nasdaq: AKTX) surged on no news.


CAI International (NYSE: CAI) reported better than expected earnings for the first quarter.


On the downside


First quarter revenue slipped for Electronics for Imaging (Nasdaq: EFII).


Aevi Genomic Medicine (Nasdaq: GNMX) presented new data from the SAGA trial of AEVI-001 at the 6th World Congress on ADHD.

 

Shares of MannKind (Nasdaq: MNKD) fell for the seventh day.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index fell 7 points to 2,348. Bitcoin edged up to $1239.


3-years probation for Volkswagen

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The markets turned negative during the midday with the Dow dropping 63 points to 20,515. Nasdaq fell 16 points to 5,900.


Volkswagen was sentenced to three years probation and independent oversight for its diesel emissions scandal. A $2.8 billion criminal penalty was also imposed on the German automaker. The penalty is on top of $1.5 billion that Volkswagen agreed to pay to settle civil claims filed by the Environmental Protection Agency and U.S. Customs.


Google Home introduced a new multiuser feature that can recognize up to six different people's voices. Google Home will use each person's account to provide individual commute times, playlists and calendars. The new feature is available on the latest version of the Google Home app.


Struggling women's apparel retailer Bebe Stores will close all of its locations by the end of May. The company had announced plans last month to explore strategic alternatives in order to avoid filing for bankruptcy. Liquidator Tiger Capital Group will sell all of Bebe's inventory.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index fell 10 points to 2,345. Bitcoin gained $7 to $1237.


The markets opened flat with the Dow adding 3 points to 20,582 as crude oil prices edged down. Nasdaq held steady at 5,916.


On the upside


China Digital TV Holding (NYSE: STV) declared a special cash dividend of $1.50 per share of common stock.


Aurinia Pharmaceuticals (Nasdaq: AUPH) announced additional 48-week data from its Phase IIb AURA-LV study in lupus nephritis.


Proofpoint (Nasdaq: PFPT) narrowed first quarter losses more than expected.


On the downside


Mattel (Nasdaq: MAT) widened first quarter losses more than expected as revenue fell.


The European Medicines Agency issued a negative "trend" vote for XBiotech's (Nasdaq: XBIT) marketing authorization application for its candidate antibody for the treatment of colorectal cancer.

 

Adamis Pharmaceuticals (Nasdaq: ADMP) priced its public offering of approximately 4.285 million common shares at the discounted $3.50 per share.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,353. Bitcoin gained $8 to $1237.


Markets surge on upbeat earnings

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Upbeat earnings boosted the markets to a sharply higher close with the Dow surging 174 points to 20,578. Nasdaq climbed 53 points to 5,916.


On the upside


MicroVision (Nasdaq: MVIS) will develop a Laser Beam Scanning display system for a major technology company.


SunCoke Energy (NYSE: SXC) reversed year ago losses to post a profit for the first quarter.


Datawatch (Nasdaq: DWCH) narrowed losses for the second quarter as revenue climbed.


On the downside


The Consumer Financial Protection Bureau sued Owen Financial (NYSE: OCN) alleging that the mortgage company engaged in systemic misconduct that caused widespread errors which resulted in some clients losing their homes.


Sarissa Capital said that Innoviva (Nasdaq: INVA) reneged on a proxy settlement.

 

Proofpoint (Nasdaq: PFPT) reported a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 17 points to 2,355. Bitcoin soared $30 to $1236.


Venezuela seizes GM plant

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The markets advanced during the midday with the Dow leaping 162 points to 20,566. Nasdaq climbed 50 points to 5,913.


Authorities in Venezuela seized a General Motors plant prompting the automaker to halt all production in the South American nation. GM characterized the actions as an "illegal judicial seizure of its assets." High crime rates and a lack of basic goods and services have sparked public protests against the increasingly autocratic government.


Saudi Arabian energy minister Khalid al-Falih indicated that oil production cuts that were implemented in January may continue. The production reduction agreement between the Organization of the Petroleum Exporting Countries and non-OPEC was an effort to boost oil prices that had tumbled amidst an inventory glut. The six month experiment to curb production lifted oil prices from below $30 per barrel last year to $50 per barrel today.


Intercontinental Hotels Group admitted that more than 1,200 of its locations experienced data breaches between September 29, 2016 and December 29, 2016. The hotel operator originally reported malware infections at a dozen of its Holiday Inn sites. An investigation revealed that the Candlewood Suites, Crown Plaza, Holiday Inn, Hotel Indigo and Staybridge Suites brands all had customer credit and debit card information stolen.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index gained 16 points to 2,354. Bitcoin climbed $30 to $1234.


Despite an uptick in jobless claims, the markets opened higher with the Dow climbing 81 points to 20,485 as investors focused on earnings. Nasdaq gained 26 points to 5,889.


On the upside


Immune Pharmaceuticals (Nasdaq: IMNP) signed a letter of intent with Pint Pharma to negotiate an exclusive license by Pint for the rights to commercialize Ceplene in Latin America.


KCG Holdings (NYSE: KCG) will be acquired by Virtu Financial (Nasdaq: VIRT) in an all cash transaction valued at approximately $1.4 billion.


Select Comfort (Nasdaq: SCSS) reported sharply higher first quarter earnings that topped analyst estimates and lifted its full year forecast.


On the downside


Whitestone REIT (NYSE: WSR) will pay approximately $204.6 million to acquire retail centers Eldorado Plaza and BLVD Place and announced a public offering of 8.1 million common shares.


Mednax (NYSE: MD) reported lower preliminary first quarter earnings that fell short of expectations.

 

The Kansas Corporation Commission rejected the proposed merger between Great Plains Energy (NYSE: GXP) and Westar Energy (NYSE: WR).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index rose 8 points to 2,346. Bitcoin climbed $18 to $1222.


The markets closed mixed with the Dow plummeting 118 points to 20,404 as crude oil prices fell. Nasdaq added 13 points to 5,863.


On the upside


Shares of Cleveland BioLabs (Nasdaq: CBLI) extended its gains.


Vasuda Healthcare Analytics initiated coverage of NewLink Genetics (Nasdaq: NLNK) with a Buy rating and a $24 price target.


CalAmp (Nasdaq: CAMP) fell to a loss for the fourth quarter but revenue climbed.


On the downside


Diana Shipping (NYSE: DSX) will offer $70 million worth of common stock.


Concerns about the slowing Chinese economy weighed down shares of Finisar (Nasdaq: FNSR).

 

Bloomberg reported that the Federal Trade Commission may file suit to block the merger between Rite Aid (NYSE: RAD) and Walgreens Boots Alliance (Nasdaq: WBA).


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by more than 7 to 5 on Nasdaq. The broader S&P 500 index lost 4 points to 2,338. Bitcoin added $1 to $1207.


Snapchat introduces World Lenses

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The markets traded mixed during the midday with the Dow falling 58 points to 20,464. Nasdaq gained 32 points to 5,881.


Snapchat introduced its new World Lenses augmented reality elements. The new option is part of the Lenses feature that allows users to enhance their photos with special effects. With World Lenses, users can add three dimensional objects such as rainbows, clouds and words to personalize their pictures.


CVS has redesigned approximately 800 of its stores to feature healthier foods and products. Less shelf space is devoted to junk food and candy displays have been moved from the front of stores to the back. Sales at the healthy living stores have climbed an average of 2.5% prompting the retailer to hasten the conversion of traditional stores.


Facebook launched the beta version of its Delegated Account Recovery at its F8 developer conference. Users who forget their passwords to any website can use Delegated Account Recovery to access their app or account. Delegated Account Recovery has multiple security features to guard against fraudulent activity.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index added 3 points to 2,345. Bitcoin rose $2 to $1208.


Mixed open over earnings

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The markets opened mixed with the Dow losing 25 points to 20,498 while Nasdaq gained 33 points to 5,882 as investors monitored earnings news.


On the upside


Soligenix (Nasdaq: SNGS) will present results from its ricin toxin vaccine development program at the 20th Annual Conference on Vaccine Research on April 25.


Ultragenyx Pharmaceutical (Nasdaq: RARE) reported positive results from a Phase 3 study of burosumab to treat X-linked hypophosphatemia.


Lam Research (Nasdaq: LRCX) reported sharply higher third quarter earnings that beat analyst expectations.


On the downside


Sunshine Heart (Nasdaq: SSH) priced its public offering of common stocks and warrants at the discounted price of $1.00 per unit.


International Business Machines (NYSE: IBM) disappointed with lower fourth quarter revenue that fell short of expectations.

 

Investors locked in profits on Interpace Diagnostics Group (Nasdaq: IDXG).


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index gained 6 points to 2,348. Bitcoin held steady at $1206.


Markets plunge over economic data

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A sharp 6.8% drop in housing starts along with a 0.4 dip in manufacturing production weighed the markets down to a lower close with the Dow plunging 113 points to 20,523. Nasdaq slipped 7 points to 5,849.


On the upside


Piper Jaffray upgraded Stratasys (Nasdaq: SSYS) from a Neutral rating to an Overweight rating.


Shares of tire maker Titan International (NYSE: TWI) climbed after the Department of Commerce found that China had increased the subsidies that it provided to Chinese Off-the-Road tire producers in 2014-2015 and that tire producers continued to dump their products in the U.S.


XOMA (Nasdaq: XOMA) presented positive data from preclinical studies of its anti-PTH1R antagonist monoclonal antibody.


On the downside


Rumors circulated that Power Solutions International (Nasdaq: PSIX) would be delisted from Nasdaq.


Barracuda Networks (NYSE: CUDA) reported flat fourth quarter earnings and forecast full year results below expectations.

 

Shares of Adeptus Health (NYSE: ADPT) fell for the second day in a row.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index lost 6 points to 2,342. Bitcoin leaped $19 to $1206.


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