The markets opened flat with the Dow slipping 3 points to 21,671 ahead of President Donald Trump's announcement about Afghanistan tonight. Nasdaq held steady at 6,216.


On the upside


Herbalife (NYSE: HLF) will repurchase $600 million in common stock after negotiations to be taken private fell through.


Second quarter earnings surged for 58.com (NYSE: WUBA) as revenue climbed.


Great Wall Motor may make an offer to acquire Fiat Chrysler (NYSE: FCAU).

 

On the downside


Jefferies downgraded Nike (NYSE: NKE) from a Buy rating to a Hold rating.


Shares of Footlocker (NYSE: FL) extended its losses.

 

Infosys (NYSE: INFY) stock continued to fall.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,425. Bitcoin tumbled $82 to $4010.


Disappointing earnings along with global terrorism concerns weighed the markets down to a lower close with the Dow tumbling 76 points to 21,674. Nasdaq lost 5 points to 6,216.


On the upside


Two of Tenet Healthcare's (NYSE: THC) board members who are partners at Glenview Capital Management resigned.


Sportsman's Warehouse (Nasdaq: SPWH) reported better than expected earnings for the second quarter.


Control4 (Nasdaq: CTRL) will replace Albany Molecular Research (Nasdaq: AMRI) on the S&P SmallCap 600 before market open on Tuesday, August 22.

 

On the downside


Stephens analyst Jack Atkins cited new competition concerns for downgrading Matson (NYSE: MATX) from an Overweight rating to an Equal Weight rating and slashing his price target from $36 to $23.


Shares of Babcock & Wilcox Enterprises (NYSE: BW) fell for the fourth day in a row.

 

Finish Line (Nasdaq: FINL) stock fell after competitor Foot Locker (NYSE: FL) disappointed with sharply lower earnings that missed expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 fell 4 points to 2,425. Bitcoin plummeted $316 to $4004.


The markets traded mixed during the midday with the Dow slipping 13 points to 21,736 as the work. Nasdaq rose 12 points to 6,234.


Philip Morris International has been accused by the Indian government of violating the country's antismoking laws. Officials sent the tobacco giant a letter threatening punitive action against the company and its directors. Philip Morris has allegedly engaged in illegal marketing tactics such as distributing Marlboro cigarettes for free at nightclubs and using television screens at events to promote its products.


Cities and states around the country are exploring the option of taxing streaming services such as Netflix and Hulu. As consumers increasingly abandon cable service and video rentals, municipalities have seen their revenue drop. Tech trade groups along with consumer tax groups have opposed the proposed tax.


A terrorist attack in Barcelona sent shares of European airlines and hotels tumbling. Tourism comprised more than 14% of Spain's economy last year and the country is one of the world's top three vacation destinations. Shares of Air France, Ryanair and Lufthansa all fell along with hotel stocks InterContinental and Melia Hotels.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 6 to 5 on Nasdaq. The broader S&P 500 added 2 points to 2,432. Bitcoin plummeted $245 to $4074.


A stabbing in Finland weighed the markets down to a lower open with the Dow losing 26 points to 21,724 as the work. Nasdaq added a point to 6,222.


On the upside


Energy Capital Partners and a consortium of investors will acquire Calpine (NYSE: CPN) for a premium of approximately $5.6 billion in cash.


Ross Stores (Nasdaq: ROST) reported higher second quarter earnings and revenue that topped estimates.


The Gap (NYSE: GPS) reported sharply higher second quarter earnings that beat expectations and lifted its full year earnings outlook.

 

On the downside


Foot Locker (NYSE: FL) disappointed with sharply lower second quarter earnings that fell short of expectations.


Infosys (NYSE: INFY) chief executive Vishal Sikka resigns.

 

Deere & Co. (NYSE: DE) reported third quarter earnings that missed estimates.


In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 3 points to 2,427. Bitcoin dropped $49 to $4270.


A terrorist attack in Barcelona sent the markets plummeting to close sharply lower with the Dow collapsing 274 points to 21,750. Nasdaq cratered 123 points to 6,221.


On the upside


Telsey Advisory Group upgraded Zoe's Kitchen (NYSE: ZOES) from a Market Perform rating to an Outperform rating.


Shares of Horizon Pharma (Nasdaq: HZNP) climbed on news that the implementation of certain regulations related to drug prices will be delayed.


U.S. Silica Holdings (NYSE: SLCA) paid $95.4 million in cash to acquire Mississippi Sand.

 

On the downside


Vipshop Holdings (NYSE: VIPS) reported lower earnings for the second quarter.


Acadia Healthcare (Nasdaq: ACHC) announced a secondary offering of more than 2.8 million shares of common stock.

 

Financial Engines (Nasdaq: FNGN) announced a secondary offering of approximately 4.1 million common shares.


In the broad market, declining issues outpaced advancers by a margin of 9 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 plummeted 38 points to 2,430. Bitcoin slipped $5 to $4321.


The markets extended its losses during the midday with the Dow plunging 180 points to 21,844. Nasdaq plummeted 81 points to 6,263.


Ford Motor has voluntarily agreed to settle sexual and racial harassment allegations without admitting liability. The U.S. Equal Employment Opportunity Commission investigated claims and found evidence that workers at Ford's Chicago Assembly Plant and the Chicago Stamping Plant harassed female and black employees. The automaker will pay $10.1 million to settle the allegations.


A New York appeals court sided with Uber Technologies in a lawsuit that challenged the ride sharing service's arbitration clause in its user agreement. The plaintiff sued Uber for antitrust violations when the service engaged in surge pricing. Uber appealed the lower court ruling that sided with the plaintiff by arguing that when users register for their service, users relinquish their right to sue and agree to arbitration.


EpiPen maker Mylan will pay $465 million to settle charges that the company overcharged Medicaid. Mylan competitor Sanofi filed a suit against the pharmaceutical for falsely claiming that EpiPens purchased by Medicaid were generic products. The deception allowed Mylan to avoid paying rebates to Medicaid.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 24 points to 2,443. Bitcoin plummeted $72 to $4254.


First time applications for unemployment benefits fell but the markets opened lower with the Dow falling 40 points to 21,984 over concerns of moderate inflation. Nasdaq dropped 22 points to 6,322.


On the upside


Valeant Pharmaceuticals International (NYSE: VRX) has been working to resolve issues at its Bausch & Lomb manufacturing facility in Tampa, Florida and will receive a Voluntary Action Indicated classification from the Food and Drug Administration.


Alibaba (NYSE: BABA) reported sharply higher first quarter earnings and revenue that surpassed analyst expectations.


Gold Fields (NYSE: GFI) reported sharply lower earnings for the first half of the year but will pay a dividend of 40 cents per share.

 

On the downside


L Brands (NYSE: LB) reported lower second quarter earnings and revenue and forecast current quarter results below estimates.


GAIN Capital Holdings (NYSE: GCAP) priced its offering of $80 million in convertible senior notes.

 

NetApp (Nasdaq: NTAP) reported higher first quarter earnings and revenue but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 6 points to 2,462. Bitcoin soared $127 to $4455.


Minutes from the Federal Reserve's meeting last month indicated that interest rate hikes may be halted. The markets closed higher with the Dow gaining 25 points to 22,024. Nasdaq rose 12 points to 6,345.


On the upside


Phoenix New Media (NYSE: FENG) reversed year ago losses to post a stronger than expected profit for the second quarter.


Bargain hunters lifted shares of Eros International (NYSE: EROS).


Rising gold prices lifted shares of Hudbay Minerals (NYSE: HBM), McEwen Mining (NYSE: MUX) and Yamana Gold (NYSE: AUY).

 

On the downside


Babcock & Wilcox Enterprises (NYSE: CBI) extended its losses.


Retreating crude oil prices weighed down shares of Whiting Petroleum (NYSE: WLL).

 

H&E Equipment Services (Nasdaq: HEES) will not submit a revised proposal to acquire Neff (NYSE: NEFF).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 6 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 2,468. Bitcoin surged $198 to $4326.


The markets opened higher with the Dow gaining 33 points to 22,031 ahead of the release of minutes from the Federal Reserve's July policy meeting. Nasdaq rose 15 points to 6,348.


On the upside


Urban Outfitters (Nasdaq: URBN) reported better than expected sales and revenue for the second quarter.


First Manhattan acquired shares of Freeport-McMoRan (NYSE: FCX).


Cliffs Natural Resources (NYSE: CLF) has changed its name back to Cleveland-Cliffs.

 

On the downside


Jefferies downgraded Chicago Bridge & Iron (NYSE: CBI) from a Buy rating to a Hold rating and slashed its price target from $35 to $12.


Investors locked in profits on Hertz Global (NYSE: HTZ).

 

Viavi Solutions (Nasdaq: VIAV) reported sharply revenue for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2,468. Bitcoin lost $6 to $4121.


The markets closed flat with the Dow rising 5 points to 21,998 after North Korea appeared to delay its missile attack on Guam. Nasdaq lost 7 points to 6,333.


On the upside


Jana Partners acquired a 2% stake in Blue Apron (NYSE: APRN).


Calumet Specialty Products Partners (Nasdaq: CLMT) will sell its Superior, Wisconsin refinery and various related assets to Husky Superior Refining Holding.


Deutsche Bank upgraded Wynn Resorts (Nasdaq: WYNN) from a Hold rating to a Buy rating and raised its price target from $138 to $150.

 

On the downside


Photronics (Nasdaq: PLAB) disappointed with sharply lower third quarter earnings that missed expectations and forecast current quarter revenue below estimates.


Bridgepoint Education (NYSE: BPI) announced a secondary offering of approximately 2 million shares of common stock.

 

Sportsman's Warehouse (Nasdaq: SPWH) will open its ninth location in California in Stockton but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped a point to 2,464. Bitcoin plummeted $253 to $4032.


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