September 2016 Archives

Reports that Deutsche Bank has reached a settlement with the Justice Department lifted the markets to a sharply higher close with the Dow soaring 164 points to 18,308. Nasdaq climbed 42 points to 5,312. 


On the upside


Shares of Nutanix (Nasdaq: NTNX) more than doubled in its market debut.


Nova Lifestyle (Nasdaq: NFVY) signed a Share Transfer Agreement to sell NOVA BVI to Kuka Design.


Deutsche Bank (NYSE: DB) is reportedly close to finalizing a settlement with the Department of Justice.


On the downside


The U.S. Army rejected Vectrus' (NYSE: VEC) contract proposal to continue providing comprehensive support services to all army facilities in Kuwait.


Shares of Marinus Pharmaceuticals (Nasdaq: MRNS) continued falling.


Profit taking weighed down shares of Vanguard Natural Resources (Nasdaq: VNR).


In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 17 points to 2,168. Bitcoin held steady at $604.

The markets extended its gains during the midday with the Dow surging 172 points to 18,316. Nasdaq climbed 42 points to 5,311. 


Mitsubishi will begin selling eight vehicle models in the U.S. again after a mileage cheating scandal. Mitsubishi admitted that it overinflated the mileage on 12 vehicle models. The mileage fraud reportedly began as early as 2005.


Customers have complained that replacement Samsung Galaxy Note 7 smartphones are also overheating. Samsung recalled 2.5 million Note 7 phones around the world earlier this month in response to a faulty battery that could cause some phone to explode. Samsung is handling the replacement complaints on an individual basis.


China has issued permits to at least two state-owned companies to export corn. There has been a significant surplus of corn in China and the nation expects another bountiful harvest this season. Approximately 2 million tones of corn has been approved to be sold abroad.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 17 points to 2,168. Bitcoin edged up to $604.

An unexpected drop in August consumer spending sparked speculation that the Federal Reserve would delay raising interest rates. The markets opened sharply higher with the Dow soaring 105 points to 18,250. Nasdaq rose 10 points to 5,279. 


On the upside


Aurinia Pharmaceuticals (Nasdaq: AUPH) reported positive results from a Phase IIb AURA-LV study for lupus nephritis.


U.S. regulators cleared Lexmark International's (NYSE: LXK) purchase of a Chinese consortium.


Shares of NXP Semiconductors (Nasdaq: NXPI) continued climbing.


On the downside


Threshold Pharmaceuticals (Nasdaq: THLD) reported disappointing interim data from two Phase 2 proof-of-concept clinical trials of tarloxotinib.


Cognizant Technology Solutions (Nasdaq: CTSH) disclosed an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act.


CalAmp (Nasdaq: CAMP) disappointed with sharply lower second quarter earnings that fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 9 points to 2,160. Bitcoin slipped to $604.

Growing concerns about the stability of Deutsche Bank weighed the markets down to a sharply lower close with the Dow plunging 195 points to 18,143. Nasdaq tumbled 49 points to 5,269. 


On the upside


Shares of Tabula Rasa Healthcare (Nasdaq: TRHC) soared in its market debut.


The Wall Street Journal reported that Qualcomm (Nasdaq: QCOM) was close to finalizing a deal to acquire NXP Semiconductor (Nasdaq: NXPI) for approximately $30 million.


Shares of oilfield services provider Superior Energy Services (NYSE: SPN) climbed on higher crude oil prices.


On the downside


Marinus Pharmaceuticals (Nasdaq: MRNS) reported positive results from a Phase 2 exploratory study of ganaxolone to treat females with PCDH19 pediatric epilepsy but the stock price fell as investors locked in profits from yesterday's surge.


Profit taking weighed down shares of Trade Desk (Nasdaq: TTD).


Genocea Biosciences (Nasdaq: GNCA) reported positive results from a Phase 2b trial of GEN-003 to treat genital herpes but the stock price dropped on profit taking.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 tumbled 20 points to 2,151. Bitcoin added $1 to $605.

Concerns about Deutsche Bank sent the markets tumbling during the midday with the Dow plummeting 196 points to 18,142. Nasdaq dropped 46 points to 5,272. 


Both Mercedes-Benz and Volkswagen debuted electric car concepts at the Paris Motor Show. Mercedes introduced its Generation EQ sport utility coupe with a range of up to 310 miles on one charge. The first EQ brand electric vehicle will be available in 2020. Volkswagen unveiled its I.D. electric concept with a range of approximately 249 to 373 miles on one charge. A compact version of the concept car will  be also be available in 2020.


Samsung may have to recall certain models of its top loading washing machines. Some customers have complained that the machines vibrated extensively when washing bulky items, were really loud, and jumped around. Samsung is working with the Consumer Product Safety Commission on a process to address the problem washing machines.


For the first time in eight years, OPEC has agreed to a modest cut in oil production. A global glut of crude oil sent prices plummeting below $27 per barrel earlier this year. OPEC will trim production by approximately 700,000 barrels per day to a range of between 32.5 to 33.0 million bpd. Specific details of the cut will be decided in November when OPEC will formally meet.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 fell 19 points to 2,152. Bitcoin added $1 to $604.

Mixed open as pending home sales falls

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The markets opened mixed with the Dow rising 16 points to 18,356 while Nasdaq lost 12 points to 5,306 as pending home sales fell 2.4% in August. 


On the upside


Catabasis Pharmaceuticals (Nasdaq: CATB) entered a joint research collaboration with Sarepta Therapeutics (Nasdaq: SRPT) to explore a combination drug treatment approach for Duchenne muscular dystrophy.


Japan's Ministry of Health, Labor & Welfare approved Aegerion Pharmaceuticals' (Nasdaq: AEGR) JUXTAPID to treat homozygous familial hypercholesterolemia.


Mimecast (Nasdaq: MIME) priced its secondary offering of 4 million common shares at the discounted price of $16.50 per share.


On the downside


The Food and Drug Administration's Division of Psychiatry Products placed a full clinical hold on Alcobra's (Nasdaq: ADHD) Investigational New Drug applications for MDX in Attention Deficit Hyperactivity Disorder and Fragile X Syndrome.


Pacific Crest downgraded Fitbit (NYSE: FIT) from a Sector Weight rating to an Underweight rating.


Intra-Cellular Therapies (Nasdaq: ITCI) reported disappointing results from a Phase 3 trial of ITI-007 to treat schizophrenia prompting a downgrade.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,171. Bitcoin eased a fraction to $603.

OPEC's agreement to cut oil output lifted the markets to a higher close with the Dow soaring 110 points to 18,339. Nasdaq gained 12 points to 5,318. 


On the upside


An agreement by OPEC to lower production levels lifted shares of Denbury Resources (NYSE: DNR), Oasis Petroleum (NYSE: OAS) and Whiting Petroleum (NYSE: WLL).


Shares of offshore drilling contractor SeaDrill (NYSE: SDRL) climbed on OPEC's production output deal.


Harmonic (Nasdaq: HLIT) entered a warrant agreement with Comcast (Nasdaq: CMCSA) that provides Comcast with the opportunity to purchase common shares of Harmonic based on specific CableOS and other Harmonic product sales and deployment milestones during the term of the warrant.


On the downside


Exelixis (Nasdaq: EXEL) reported disappointing preliminary results from a Phase 1 trial of CaboNivo to treat urothelial and other genital cancers.


Investors locked in profits on Real Goods Solar (Nasdaq: RGSE).


Short seller Glaucus Research implied that National Beverage (Nasdaq: FIZZ) engaged in manipulative accounting practices.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 11 points to 2,171. Bitcoin held steady at $604.

Wells Fargo CEO to forfeit millions

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The markets traded lower during the midday with the Dow losing 23 points to 18,204. Nasdaq fell 13 points to 5,292. 


Wells Fargo will levy financial sanctions against top bank executives after revelations that employees created fake bank accounts to collect bank fees. Chief executive John Stumpf will not receive $41 million in unvested stock awards while the board of directors investigates the bank's sales practices. Former head of community banking Carrie Tolstedt will forfeit approximately $19 million in unvested equity awards and will not receive lucrative retirement benefits.


BlackBerry will no longer make phones. The company will outsource the manufacturing of devices to an Indonesian telecom. BlackBerry will focus on developing software and apps. BlackBerry once dominated the smartphone market with its QWERTY keyboard until iPhones and Android devices with touch screens became the gold standard.


UBS Group subsidiary UBS Financial Services will pay more than $15 million to settle Securities and Exchange Commission charges. The SEC found that UBS Financial did not adequately educate and train its representatives to sell reverse convertible notes. As a result, sales representatives inappropriately sold RCNs to inexperienced customers.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by a margin of more than 7 to 5 on Nasdaq. The broader S&P 500 fell 4 points to 2,155. Bitcoin slipped $1 to $603.

Flat open on flat durable goods orders

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The markets opened flat with the Dow rising 8 points to 18,236 as durable goods orders were little changed August. Nasdaq held steady at 5,305. 


On the upside


Anavex Life Sciences (Nasdaq: AVXL) signed a material transfer agreement for Biogen (Nasdaq: BIIB) to test Anavex's ANAVEX 2-73 in an oligodendrocyte precursor cell differentiation assay.


Origin Agritech (Nasdaq: SEED) will sell its commercial corn seed production and distribution business for approximately $60 million to Beijing Shihui Agricultural Development.


Shares of Real Goods Solar (Nasdaq: RGSE) extended its gains.


On the downside


Galectin Therapeutics (Nasdaq: GALT) reported disappointing results for its Phase 2a clinical trial of GR-MD-02 in nonalcoholic steatohepatitis patients with advanced fibrosis.


Tempur Sealy International (NYSE: TPX) warned that third quarter sales will fall short of prior guidance.


Ferrellgas Partners (NYSE: FGP) widened fourth quarter losses and announced the resignation of chief executive Stephen L. Wambold.


In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2,159. Bitcoin slipped $1 to $603.

Consumer confidence in September soared to a nine-year high lifting the markets to a sharply higher close with the Dow surging 133 points to 18,228. Nasdaq climbed 48 points to 5,305. 


On the upside


Shares of Real Goods Solar (Nasdaq: RGSE) more than doubled after Senator Hillary Clinton advocated for installing 500 million more solar panels during the presidential debate last night.


Kitov Pharmaceuticals (Nasdaq: KTOV) reported upbeat results from an additional pharmacokinetic bioequivalence study of KIT-302.


Bargain hunters lifted shares of DURECT (Nasdaq: DRRX).


On the downside


Ligand Pharmaceuticals (Nasdaq: LGND) partner Amgen (Nasdaq: AMGN) reported disappointing results from a Phase 3 trial of Kyprolis.


Retreating crude oil prices weighed down shares of Vanguard Natural Resources (Nasdaq: VNR).


Avis Budget Group (Nasdaq: CAR) warned of demand weakness in Europe.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 climbed 13 points to 2,159. Bitcoin slipped $1 to $604.

The markets extended its gains during the midday with the Dow soaring 141 points to 18,236. Nasdaq climbed 41 points to 5,299. 


The Labor Department filed a lawsuit against Palantir for racial discrimination against Asian job applicants. Palantir is a data analytics company that provides services to the Federal Bureau of Investigation, the U.S. Special Operations Command and the Army. As a federal government contractor, Palantir cannot discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability or against military veterans.


Lowe's will introduce Microsoft's augmented reality HoloLens to three additional stores. Currently, two stores in Seattle offer the HoloLens for customers to virtually design their kitchens. Customers will be able to view items that have been saved on their Pinterest accounts in the real world to create their dream kitchen.


The Department of Justice is investigating Standard Chartered for allegedly paying bribes to the Indonesian government in order win contracts. Standard Chartered's subsidiary Maxpower Group is accused of paying of more than $750,000 to government officials. Standard Chartered was fined in 2012 and 2014 for violating U.S. sanctions and failing to detect possible money laundering.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 4 on Nasdaq. The broader S&P 500 climbed 13 points to 2,159. Bitcoin added a fraction to $606.

Gain in home prices lift markets

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A gain in July home prices lifted the markets to a higher open with the Dow rising 60 points to 18,155. Nasdaq climbed 24 points to 5,281. 


On the upside


Inventergy Global (Nasdaq: INVT) partner Pabellon has engaged with a Fortune 100 company to create a proof of concept to demonstrate its breakthrough Surface Plane Magnetic Technology to continuous charge remote internet devices.


Kite Pharma (Nasdaq: KITE) reported positive topline results from interim data of a ZUMA-1 trial of KTE-C19 in patients with aggressive non-Hodgkin lymphoma.


Boston Scientific (NYSE: BSX) will pay a premium of approximately $210 million in cash to acquire EndoChoice Holdings (NYSE: GI).


On the downside


Rice Energy (NYSE: RICE) priced its public offering of 40 million common shares at the discounted price of $25.50 per share.


Caesars Entertainment (Nasdaq: CZR) reached a restructuring agreement with its creditors.


Nektar Therapeutics (Nasdaq: NKTR) and Bristol-Myers Squibb (NYSE: BMY) will collaborate to evaluate Bristol-Myers Squibb's Opdivo with NKTR-214 as a potential combination treatment for cancer.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 6 points to 2,152. Bitcoin slipped $1 to $604.

New home sales drop, markets tumble

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Sales of new homes dropped 7.6% in August to send the markets tumbling to a sharply lower close with the Dow plummeting 166 points to 18,094. Nasdaq plunged 48 points to 5,257. 


On the upside


Shares of Zynerba Pharmaceuticals (Nasdaq: ZYNE) climbed after competitor GW Pharmaceuticals (Nasdaq: GWPH) reported positive results from a second Phase 3 trial.


Lipocine (Nasdaq: LPCN) reported positive results from a Phase 2b study of the testosterone replacement therapy LPCN 1111.


Shares of Sophiris Bio (Nasdaq: SPHS) climbed for the third day.


On the downside


Stifel Nicolaus downgraded RetailMeNot (Nasdaq: SALE) from a Hold rating to a Sell rating.


The redemption rights of Acorda Therapeutics (Nasdaq: ACOR) regarding Biotie Therapies stock have been terminated.


Lands' End (Nasdaq: LE) chief executive Federica Marchionni resigned.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 dropped 18 points to 2,146. Bitcoin gained $5 to $605.

The markets extended its losses during the midday with the Dow plunging 150 points to 18,111 ahead of the first presidential debate. Nasdaq dropped 42 points to 5,263. 


Deutsche Bank denied rumors that it sought the assistance of the German government to intervene on its behalf with the U.S. Department of Justice. The Justice Department is seeking $14 billion to settle claims related to mortgage backed securities issued and underwritten by Deutsche Bank between 2005 and 2007. The German government has ruled out any assistance for the bank.


Another potential bidder for Twitter has surfaced. Disney is reportedly working with a financial advisor on a possible deal to acquire the social networking service. Twitter has struggled to expand its user base and is transitioning from a microblogging site to a media company with its live-streaming of NFL Thursday night football games.


OPEC members along with other oil exporters are meeting informally in Algeria this week during the International Energy Forum. Oil prices have plunged the past two years as crude oil output has climbed. To stabilize prices, oil producing nations must agree to production limits. Iran has indicated that an output agreement would be unlikely.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 tumbled 16 points to 2,148. Bitcoin climbed $5 to $605.

Markets tumble as OPEC meets

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The markets opened sharply lower with the Dow tumbling 113 points to 18,147 as OPEC met in Algiers. Nasdaq fell 28 points to 5,277. 


On the upside


Array BioPharma (Nasdaq: ARRY) reported positive results from Part 1 of a Phase 3 COLUMBUS study of LGX818 to treat patients with BRAF-mutant melanoma.


Chemtura (NYSE: CHMT) will be acquired by Laxness for a premium of approximately $2.5 billion.


GW Pharmaceuticals (Nasdaq: GWPH) reported positive results from a second Phase 3 pivotal trial for Epidiolex.


On the downside


The Food and Drug Administration issued a complete response letter to Pain Therapeutics (Nasdaq: PTIE) saying that its New Drug Application for Remoxy ER could not be approved in its current form.


DURECT (NYSE: DRRX) licensed to Pain Therapeutics (Nasdaq: PTIE) the exclusive right to develop and commercialize REMOXY ER.


The Motley Fool wrote that Himax Technologies (Nasdaq: HIMX) was the better buy in the virtual and augmented reality space.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 fell 9 points to 2,155. Bitcoin climbed $6 to $606.

Markets plunge as crude oil falls

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Falling crude oil prices sent the markets tumbling to a sharply lower close with the Dow plunging 131 points to 18,261. Nasdaq dropped 33 points to 5,305. 


On the upside


BioLineRx (Nasdaq: BLRX) signed an exclusive, global agreement with BGN Technologies, the Technology Transfer Company of Ben-Gurion Universioty and Hadasit for the in-licensing of the liver failure treatment BL-1220.


Shares of Apptio (Nasdaq: APTI) soared in its market debut.


AC Immune (Nasdaq: ACIU) stock surged on its first trading day.


On the downside


Digital Turbine (Nasdaq: APPS) priced its private placement of convertible senior notes.


Oshkosh (NYSE: OSK) warned of lower revenue in its access equipment segment for 2017.


Shares of Corbus Pharmaceuticals (Nasdaq: CRBP) continued to fall.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 dropped 12 points to 2,164. Bitcoin climbed $5 to $602

The markets traded lower during the midday with the Dow falling 66 points to 18,325. Nasdaq lost 14 points to 5,325. 


Saudi Arabia indicated that it was ready to lower oil production levels in order to increase oil prices. Riyadh offered to cut production if Iran capped its output at current levels. Tehran has not responded to the offer. OPEC will meet informally next week in Algiers.


McDonald's will test a breakfast Happy Meal next week. The kid-friendly option will be available at 73 restaurants in the Tulsa, Oklahoma area. The Happy Meal choices will include two McGriddles or an Egg & Cheese McMuffin. For side dishes, customers can choose between apple slices or yogurt.


Social media giant Facebook leveraged its enormous network to encourage users to register to vote. Users in the U.S. who are over 18 years old will see a reminder in their News Feed to register to vote. A link will be provided to the federal government's vote.USA.gov that will guide registrants through the registration process.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2,170. Bitcoin rose $4 to $601.

Lower open as crude oil slips

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The markets opened lower with the Dow losing 48 points to 18,344 as crude oil prices slipped. Nasdaq fell 20 points to 5,318. 


On the upside


CNBC reported that Twitter (NYSE: TWTR) may soon be acquired.


Endo International (Nasdaq: ENDP) named Paul V. Campanelli to the position of president and chief executive officer.


Bloomberg News reported that Cisco Systems (Nasdaq: CSCO) and IBM (NYSE: IBM) were both interested in acquiring Imperva (NYSE: IMPV).


On the downside


Enphase Energy (Nasdaq: ENPH) priced its public offering of 13 million shares of common stock at the discounted price of $1.20 per share.


Profit taking weighed down shares of Tokai Pharmaceuticals (Nasdaq: TKAI).


Houghton Mifflin Harcourt (Nasdaq: HMHC) chief executive Linda K. Zecher resigned.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 fell 7 points to 2,169. Bitcoin added $2 to $598.

Higher close as jobless claims drop

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First time applications for unemployment benefits fell unexpectedly to boost the markets to a sharply higher close with the Dow climbing 98 points to 18,392. Nasdaq soared 44 points to 5,339. 


On the upside


Shares of SAExploration (Nasdaq: SAEX) surged on no news.


Caesars Entertainment (Nasdaq: CZR) offered as additional $1.6 billion to settle with its creditors.


Aegerion Pharmaceuticals (Nasdaq: AEGR) stock extended its gains.


On the downside


Shares of Axovant Sciences (NYSE: AXON) tumbled after rival Lundbeck reported disappointing results from a Phase III study of the Alzheimer's treatment idalopirdine.


OMNOVA Solutions (NYSE: OMN) reported third quarter earnings that fell short of expectations.


Investors locked in profits on Teck Resources (NYSE: TCK).


In the broad market, advancing issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 14 points to 2,177. Bitcoin held steady at $596.

Flybrix introduces Lego drones

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The markets traded higher during the midday with the Dow climbing 118 points to 18,412 as crude oil prices rose. Nasdaq gained 35 points to 5,330.


Startup Flybrix introduced two do-it-yourself kits to make drones using Legos. The basic package is priced at $189 and uses an app to control the drone. The deluxe model comes with a handheld controller and costs $249. Each kit includes 56 Lego pieces, a pre-programmed circuit board with LED lights, motors, and propellors.


China lifted a ban on beef imports from the United States that has been in place for 13 years. The beef embargo was imposed in 2013 in response to mad cow disease. China is the world's second largest buyer of beef and demand continues to grow.


Google partnered with MIT Media Lab to launch its Code Next tech lab in Oakland to increase the pool of minority workers in technology. The lab will provide after school programs to middle school students beginning in October. Students will be exposed to career and educational opportunities in computer science. More than half of Oakland residents are African American or Latino.


In the broad market, advancing issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 12 points to 2,175. Bitcoin added $1 to $597.

An unexpected drop in jobless claims lifted the markets to a sharply higher open with the Dow soaring 132 points to 18,426. Nasdaq climbed 30 points to 5,325 


On the upside


The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period for the proposed merger of Hutchinson Technology (Nasdaq: HTCH) with TDK.


WCI Communities (NYSE: WCIC) will be acquired by Lennar (NYSE: LEN) for a premium of approximately $643 million in cash and stock.


Anavex Life Sciences (Nasdaq: AVXL) reported positive preclinical data for ANAVEX 2-73 to treat Parkinson's disease in mice.


On the downside


Jabil Circuit (NYSE: JBL) reported sharply lower fourth quarter earnings as revenue fell.


First quarter earnings and revenue for Herman Miller (Nasdaq: MLHR) missed analyst estimates and the furniture maker forecast current quarter results below expectations.


Profit taking weighs down shares of Eleven Biotherapeutics (Nasdaq: EBIO).


In the broad market, advancing issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 12 points to 2,176. Bitcoin added $1 to $597.

Markets surge on steady rates

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The markets surged to close sharply higher with the Dow soaring 163 points to 18,293 after the Federal Reserve held interest rates steady. Nasdaq leaped 53 points to 5,295.


On the upside


Shares of Trade Desk (Nasdaq: TTD) surged in its market debut.


Bargain hunters lifted shares of Novavax (Nasdaq: NVAX).


Acquisition speculation sent shares of Galectin Therapeutics (Nasdaq: GALT) soaring.


On the downside


Amazon's (Nasdaq: AMZN) launch of its new Amazon Prints photo printing service sent shares of Shutterfly (Nasdaq: SFLY) plummeting.


Pacira Pharmaceuticals (Nasdaq: PCRX) launched EXPAREL to treat pain from a third molar extraction but the stock price tumbled.


Banc of California (NYSE: BANC) chief financial officer James McKinney resigned.


In the broad market, advancing issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 soared 23 points to 2,163. Bitcoin tumbled $11 to $596.

The Federal Reserve held interest rates steady sending the markets soaring with the Dow surging 98 points to 18,227. Nasdaq climbed 35 points to 5,277. 


The Securities and Exchange Commission charged billionaire investor Leon Cooperman with insider trading. The SEC alleges that Cooperman used his role as a major shareholder of Atlas Pipeline Partners to gain confidential corporate information. Then, Cooperman used his fund Omega Advisors to invest in Atlas Pipeline Partners. Omega Advisors earned approximately $4 million by trading Atlas Pipeline Partners.


Approximately 1,400 lawsuits have been filed in a German court against Volkswagen over its emissions test rigging scandal. Shareholders are seeking nearly $9.2 billion in damages. Volkswagen has lost about a third of its market value in the aftermath of the emissions cheating scandal.


In its continuing efforts to provide healthier food, Panera Bread will begin serving "clean" bacon at all of its locations. Clean bacon has no artificial preservatives, flavors, sweeteners or colors. It will be made from pork, water, sea salt, sugar, celery powder and thyme extract.


In the broad market, advancing issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 soared 15 points to 2,155. Bitcoin tumbled $12 to $596.

The markets opened higher with the Dow climbing 93 points to 18,223 over expectations that interest rates will remain steady. Nasdaq gained 34 points to 5,275 


On the upside


Stifel Nicolaus upgraded Conn's (Nasdaq: CONN) from a Hold rating to a Buy rating.


Eleven Biotherapeutics (Nasdaq: EBIO) acquired Viventia Bio in an all stock deal.


Nomura lowered its price target on Huntsman (NYSE: HUN) from $20 to $19 but the stock price rose.


On the downside


Morgan Stanley downgraded Skechers (NYSE: SKX) from an Overweight rating to an Equal Weight rating and slashed its price target from $41 to $25.


CarMax (NYSE: KMX) reported second quarter earnings and revenue that fell short of expectations.


Shares of Ascena Retail Group (Nasdaq: ASNA) extended its losses.


In the broad market, advancing issues outpaced advancers by a margin of nearly 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 11 points to 2,151. Bitcoin dropped $10 to $597.

Flat close ahead of Fed statement

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The markets closed flat with the Dow rising 9 points to 18,129 ahead of the release of the Federal Reserve's policy statement tomorrow. Nasdaq rose 6 points to 5,241. 


On the upside


The acquisition of Tobira Therapeutics (Nasdaq: TBRA) by Allergan (NYSE: AGN) raised speculation that Conatus Pharmaceutcals (Nasdaq: CNAT) may be acquired.


Aegerion Pharmaceuticals (Nasdaq: AEGR) appointed Remi A. Menes to the position of chief commercial officer.


Tessera Technologies will acquire DTS (Nasdaq: DTSI) for a premium of approximately $850 million in cash.


On the downside


HNI (NYSE: HNI) cut its third quarter and full year forecast.


Sinclair Broadcast Group (Nasdaq: SBGI) blamed tepid political advertising spending for lowering its third quarter guidance.


Tidewater (NYSE: TDW) chief financial officer Quinn P. Fanning and chief investor relations officer Joseph M. Bennett will present at the Johnson Rice 2016 Energy Conference on Thursday, September 22, 2016.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,139. Bitcoin held steady at $609.

Seattle approves secure scheduling law

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The markets traded higher during the midday with the Dow rising 19 points to 18,139 as crude oil prices edged up. Nasdaq added a point to 5,235. 


Seattle City Council approved a new secure scheduling law to protect hourly retail and food-service employees from unpredictable work schedules. The new measure requires work schedules to be posted two weeks in advance. Workers must be paid extra for last minute scheduling changes. Before hiring additional workers, hours must be offered to current employees.


The Federal Government announced its Federal Automated Vehicles policy that will encourage the safe operation of self-driving vehicles and provide guidance to manufacturers regarding safety requirements. Autonomous car makers must demonstrate how self-driving vehicles will function and what will happen if the cars fail. To ensure transparency, manufacturers must provide vehicle performance assessments.


August housing starts fell by a more than expected 5.8% due to bad weather in the South. Single family home construction dropped 6% while construction of multifamily homes fell 5.4%. Housing starts plunged 14.8% in the South. Permits for future construction unexpectedly slipped 0.4%.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2,140. Bitcoin held steady at $609.

Higher open as FOMC meets

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The markets opened higher with the Dow climbing 73 points to 18,193 as the Federal Open Market Committee met today. Nasdaq gained 15 points to 5,250. 


On the upside


Tobira Therapeutics (Nasdaq: TBRA) will be acquired by Allergan (NYSE: AGN) in a deal valued at approximately $1.7 billion.


Great Basin Scientific (Nasdaq: GBSN) launched its Staph ID/R Blood Culture Panel in the U.S. and Europe.


Shares of Sarepta Therapeutics (Nasdaq: SRPT) continued climbing.


On the downside


Ascena Retail Group (Nasdaq: ASNA) reported fourth quarter earnings that fell short of expectations and forecast full year results below estimates.


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


Encana (NYSE: ECA) priced its public offering of 107 million common shares at the discounted price of $9.35 per share.


In the broad market, advancing issues outpaced decliners 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 gained 8 points to 2,147. Bitcoin held steady at $609.

The markets closed flat with the Dow slipping 3 points to 18,120 despite a strong gain in home builder sentiment. Nasdaq lost 9 points to 5,235. 


On the upside


The Food and Drug Administration granted accelerated approval to Sarepta Therapeutics' (Nasdaq: SRPT) Duchenne muscular dystrophy treatment eteplirsen.


Tech Data (Nasdaq: TECD) paid approximately $2.6 billion in cash and stock to acquire the technology solutions business of Avnet (NYSE: AVT).


The accelerated approval of Sarepta's (Nasdaq: SRPT) eteplirsen raised expectations for a swift approval of PTC Therapeutics' (Nasdaq: PTCT) nonsense mutation Duchenne muscular dystrophy treatment Translarna.


On the downside


CVR Refining (Nasdaq: CVRR) entered a joint venture with Velocity Midstream Partners to construct a crude oil pipeline from the South Central Oklahoma Oil Province to CVR Refining's Wynnewood Oklahoma refinery.


Shares of Eleven Biotherapeutics (Nasdaq: EBIO) fell for the fifth day.


Investors locked in profits on Apple (Nasdaq: AAPL).


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 2,139. Bitcoin added $1 to $609.

Google introduces Google Trips

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The markets retreated from early morning highs to trade mixed with the Dow rising 29 points to 18,153. Nasdaq slipped 2 points to 5,242. 


German supermarket chain Lidl will open up to 150 stores on the East Coast of the United States by 2018. The stores will offer a limited selection of private label items in order to keep prices low. Compared with traditional domestic supermarkets which average about 165,000 square feet, Lidl stores will be approximately 30,000 to 36,000 square feet. 


Google introduced its latest travel app Google Trips that is available on both iOS and Android. Google Trips is both a trip planning service as well as a travel guide. The app can use flight information and hotel reservations to help users plan activities and select sightseeing destinations.


Indonesia is investigating Google for failing to pay income and value-added taxes for the past five years. Fines of up to four times the amount of taxes that are owed may also be assessed. For 2015 alone, Google may have to pay as much as $418 million. Google Indonesia is cooperating with the investigation. 


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,143. Bitcoin added $1 to $610.

A surge in homebuilder sentiment boosted the markets to a sharply higher open with the Dow soaring 117 points to 18,241. Nasdaq climbed 30 points to 5,275. 


On the upside


Bargain hunters snapped up shares of Novavax (Nasdaq: NVAX).


Eldorado Resorts will acquire Isle of Capri (Nasdaq: ISLE) in a cash and stock deal valued at approximately $1.7 billion including the assumption of debt.


Infoblox (NYSE: BLOX) will be taken private by Vista Equity Partners in a deal valued at approximately $1.6 billion.


On the downside


WebMD (Nasdaq: WBMD) chief executive David Schlanger is leaving the company and will be replaced by Steven Zatz.


A shareholder sued Twitter (NYSE: TWTR) for misleading investors on its growth prospects.


Community Health Systems (NYSE: CYH) is exploring various options with financial sponsors.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 13 points to 2,152. Bitcoin added $1 to $609.

The markets closed lower with the Dow tumbling 88 points to 18,123 as real average hourly earnings slipped 0.1% in August. Nasdaq lost 5 points to 5,244. 


On the upside


Shares of Everbridge (Nasdaq: EVBG) soared in its market debut.


Cowen upgraded GenMark Diagnostics (Nasdaq: GNMK) from a Market Perform rating to an Outperform rating and lifted its price target from $10 to $17.


Community Health Systems (NYSE: CYH) may be exploring a possible sale of the company.


On the downside


Investors continued to lock in profits on Alon USA Partners (NYSE: ALDW).


Great Basin Scientific (Nasdaq: GBSN) completed its 1-for-80 reverse stock split.


Enphase Energy (Nasdaq: ENPH) surveyed its network of U.S. distributors to assess interest in its AC Battery system.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 fell 8 points to 2,139. Bitcoin eased a fraction to $607.

Unilever may buy Honest Company

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The markets traded lower during the midday with the Dow falling 63 points to 18,148 as crude oil prices slipped. Nasdaq lost 7 points to 5,241. 


Tesla will provide Southern California Edison with a battery system for the utility's Mira Loma substation. The battery system will store 80 megawatt hours of energy which can power more than 2,500 homes for a day. The new storage system is expected to come online at the end of the year.


Unilever is reportedly engaged in discussions for a possible acquisition of Honest Company. The consumer packaged organic goods company founded five years ago by actress Jessica Alba has raised more than $200 million and generates approximately $300 million in annual revenue. The proposed acquisition deal is reportedly valued at over $1 billion.


Twitter's live stream of its first of ten Thursday Night Football games was widely praised by users. The streaming was smooth and mostly glitch free although some users complained about delays between the TV broadcast and the livestream. Twitter has not provided viewership numbers.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 fell 8 points to 2,138. Bitcoin slipped $1 to $607.

The Department of Justice's proposed $14 billion fine against Deutsche Bank weighed the markets down to a sharply lower open with the Dow plunging 102 points to 18,109. Nasdaq tumbled 20 points to 5,229. 


On the upside


Reuters reported that DepoMed (Nasdaq: DEPO) was working with Morgan Stanley to sell itself.


Aerie Pharmaceuticals (Nasdaq: AERI) raised approximately $125 million through several public offerings.


Avis Budget Group (Nasdaq: CAR) will replace Questar (NYSE: STR), which will be acquired by Dominion Resources (NYSE: D), in the S&P MidCap 400 after market close on Friday, September 16, 2016.


On the downside


Novavax (Nasdaq: NVAX) reported disappointing results from a Phase 3 clinical trial of RSV-F to treat lower respiratory tract disease prompting downgrades.


Seeking Alpha wrote that a bill proposed in the British Parliament will give the National Health Service power to control Concordia International's (Nasdaq: CXRX) drug prices.


The Justice Department proposed a fine of $14 billion for Deutsche Bank (NYSE: DB) related to residential mortgage securities that were underwritten from 2005-2007.


In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 dropped 14 points to 2,132. Bitcoin held steady at $608.

Rate hike less likely, markets soar

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A drop in retail sales and manufacturing output further reassured investors that an interest rate increase would be unlikely. The markets surged to close sharply higher with the Dow leaping 177 points to 18,212. Nasdaq jumped 75 points to 5,249. 


On the upside


Press Telegraph noted that three out of five analysts rated Tokai Pharmaceuticals (Nasdaq: TKAI) a Buy while two rated the company a Hold.


Shares of Arena Pharmaceuticals (Nasdaq: ARNA) extended its gains.


Airgain (Nasdaq: AIRG) will host a conference call to discuss its second quarter financial results on Tuesday, September 20, 2016 after market close.


On the downside


Sequans Communications (NYSE: SQNS) priced its public offering of approximately 15.15 million American Depositary Shares at the discounted price of $1.65 per ADS.


Analysts expect Amber Road (NYSE: AMBR) to report a loss for the third quarter.


Integer Holdings (NYSE: ITGR) chief financial officer Michael Dinkins is departing the company.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 soared 21 points to 2,147. Bitcoin eased a fraction to $608.

iPhone 7 Plus sells out

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Rebounding crude oil prices lifted the markets during the midday with the Dow soaring 134 points to 18,168. Nasdaq surged 58 points to 5,232. 


Dollar General announced plans to hire 10,000 employees over the next month as part of its expansion plans. The discount retailer is looking for full-time as well as part-time workers for positions such as store managers, lead sales associates and store associates. Dollar General will open 900 stores by the end of this year and plans to open 1,000 stores next year.


The new Apple iPhone 7 and iPhone 7 Plus do not launch until Friday, but  many models are already sold out. The jet black model of the iPhone 7 and every single model of the iPhone 7 Plus have already been reserved online. Pre-orders can still be placed online but consumers will may have to wait until November for delivery of their phone.


The Atlanta Federal Reserve expects that nation's economy to grow at a 3.0% annualized rate in the third quarter. Previously, the Atlanta Fed forecast growth at 3.3% but a 0.3% drop in August retail sales prompted the downward revision.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 climbed 16 points to 2,142. Bitcoin eased a $1 to $607.

The markets opened higher with the Dow rising 34 points to 18,070 as producer prices held steady in August. Nasdaq gained 20 points to 5,194. 


On the upside


Aerie Pharmaceuticals (Nasdaq: AERI) reported positive primary efficacy results from a Phase 3 "Mecury 1" clinical trial of Roclatan.


South Florida Business Journal named Net Element (Nasdaq: NETE) to its Top 25 Fastert-Growing Technology Companies.


AcelRx Pharmaceuticals (Nasdaq: ACRX) reported positive results from a Phase 3 study of ARX-04 to treat moderate to severe acute pain in post-operative study patients.


On the downside


Investors locked in profits on Acasti Pharma (Nasdaq: ACST).


Platform Specialty Products (NYSE: PAH) commenced an offering of $350 million of its common stock.


Profit taking weighed down shares of Sarepta Therapeutics (Nasdaq: SRPT).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 rose 3 points to 2,129. Bitcoin eased a fraction to $608.

Mixed close as crude oil extends losses

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The markets closed mixed with the Dow losing 31 points to 18,034 as crude oil prices fell for the second day. Nasdaq gained 18 points to 5,173. 


On the upside


Acasti Pharma (Nasdaq: ACST) reported positive results from a bridging study for CaPre to treat severe hypertriglyceridemia.


Morgans Hotel Group (Nasdaq: MHGC) received a revised acquisition offer from an unidentified bidder for a premium of $2.75 per share.


Shares of Biostar Pharmaceuticals (Nasdaq: BSPM) surged on no news.


On the downside


Shares of Cobalt International Energy (NYSE: CIE) fell for the fifth day.


Investors locked in profits on Aralez Pharmaceuticals (Nasdaq: ARLZ).


A Food and Drug Administration advisory committee said that Spectrum Pharmaceuticals' (Nasdaq: SPPI) bladder tumor resection drug Qapzola was not effective.


In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 eased a point to 2,125. Bitcoin held steady at $609.

The markets retreated from early morning highs but continued trading in positive territory during the midday with the Dow rising 24 points to 18,091. Nasdaq gained 29 points to 5,184. 


Ford Motor will move production of all North American small cars to Mexico over the next several years. The automaker has struggled to make a profit on low margin small cars. As part of its plan to expand into the ride sharing market, Ford committed $4.5 billion to develop new electric vehicles for ride sharing fleets.


Twitter launched an application for Apple TV, Amazon Fire TV and Microsoft's Xbox One. The video streaming app will allow users to access content from Twitter's live streaming partners. Ten National Football League games will be live-streamed beginning tomorrow. Videos from Vine and Periscope can also be viewed on a TV screen.


Monsanto agreed to Bayer's increased all-cash acquisition offer of $128 per share. The proposed $66 billion merger between a U.S. seeds company and a German drug and crop chemical maker will create a global behemoth that easily controls more than a quarter of the worldwide market for seeds and pesticides.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 rose 4 points to 2,131. Bitcoin eased a fraction to $608.

Higher open as import prices fall

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A decrease in import prices allayed concerns of an interest rate increase lifting the markets to a higher open with the Dow gaining 84 points to 18,150. Nasdaq climbed 41 points to 5,196. 


On the upside


Vitae Pharmaceuticals (Nasdaq: VTAE) agreed to be acquired by Allergan (NYSE: AGN) for a premium of approximately $639 million in cash.


A critic of Sarepta Therapeutics' (Nasdaq: SRPT) eteplirsen who lead the clinical review team of the Duchenne muscular dystrophy drug for the Food and Drug Administration has left the agency raising expectations that the new drug application for eteplirsen may finally be approved.


Shares of Apple (Nasdaq: AAPL) continued rising on strong iPhone 7 preorders.


On the downside


Shares of SunPower (Nasdaq: SPWR) extended its losses.


Profit taking weighed down shares of Nymox (Nasdaq: NYMX).


Oasis Petroleum (NYSE: OAS) priced its upsized public offering of senior convertible notes.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 12 points to 2,139. Bitcoin held steady at $609.

Budget deficit expands, markets plunge

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The nation's budget deficit expanded in August to $107 billion sending the markets tumbling to a sharply lower close with the Dow crashing 258 points to 18,066. Nasdaq plunged 56 points to 5,155. 


On the upside


Bargain hunters lifted shares of Nymox Pharmaceutical (Nasdaq: NYMX).


Citigroup upgraded Liberty Media Group (Nasdaq: LMCA) from a Neutral rating to a Buy rating.


Corbus Pharmaceuticals (Nasdaq: CRBP) completed enrollment in a Phase 2 clinical study of Resunab to treat cystic fibrosis.


On the downside


Fourth quarter revenue for Applied Genetic Technologies (Nasdaq: AGTC) fell short of expectations.


Falling crude oil prices weighed down share of Approach Resources (Nasdaq: AREX).


Profit taking weighed down shares of Dynegy (NYSE: DYN).


In the broad market, declining issues outpaced advancers by a margin of 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 32 points to 2,127. Bitcoin added $2 to $609.

Market losses extended at midday

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The markets extended its losses during the midday with the Dow plunging 210 points to 18,114 as crude oil prices dropped. Nasdaq plummeted 57 points to 5,154. 


Pandora Media expanded its music collection by signing direct licensing deals with more than 30 independent labels and distributors. Music from Sony Music, Universal Music Group, Merlin Network and The Orchid will now be played on the online radio station. Pandora has 78.1 million active users.


Apple iOS 10 launches today. The free upgrade offers security enhancements and improves Apple's News application. Music will be easier to find on Apple Music. iMessage will include new visual features such as stickers and animations. iOS 10 will run on the iPhone 5 through iPhone 7, iPad Mini 2 through 4, fourth generation iPad, iPad Air and iPad Air 2.


After years of income stagnation, median household income climbed a healthy 5.2% last year from $53,700 in 2014 to $56,500 in 2015. Meanwhile, the poverty rate fell by 1.2% to 3.5 million households. The percentage of people without health insurance fell by 4 million to 9.1%.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 plunged 28 points to 2,130. Bitcoin held steady at $607.

Markets plunge as crude oil falls

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Falling crude oil prices weighed the markets down to a sharply lower open with the Dow plummeting 190 points to 18,134. Nasdaq tumbled 47 points to 5,164. 


On the upside


Renesas Electronics will pay a premium of approximately $3.2 billion in cash to acquire Intersil (Nasdaq: ISIL).


WPCS International (Nasdaq: WPCS) reversed year ago losses to post a profit for the first quarter.


Apple (Nasdaq: AAPL) iPhone 7 and iPhone 7 Plus preorders are four times higher than last year for Sprint (NYSE: S) and the highest ever for T-Mobile (Nasdaq: TMUS).


On the downside


Blue Buffalo Pet Products (Nasdaq: BUFF) announced a secondary offering of 14.3 million share of common stock.


Frontier Communications (Nasdaq: FTR) chief financial officer John Jureller departed the company.


Shares of Advanced Micro Devices (Nasdaq: AMD) continued falling.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on Nasdaq. The broader S&P 500 plunged 25 points to 2,133. Bitcoin added $1 to $608.

Federal Reserve Board Governor Lael Brainard cautioned against raising interest rates too quickly. The markets soared in afternoon trading with the Dow surging 239 points to 18,325. Nasdaq leaped 85 points to 5,211. 


On the upside


Tene Investment Funds paid $43.5 million for 1 million shares of Caesarstone (Nasdaq: CSTE).


Alamos Gold (NYSE: AGI) reported a significant interim increase in mineral resources at its La Yaqui project.


Bargain hunters lifted shares of IAMGOLD (NYSE: IAG).


On the downside


VimpelCom (Nasdaq: VIP) 33% shareholder Telenor began selling its 142.5 million American depository shares of the telecom through a public offering.


Shares of Wells Fargo (NYSE: WFC) fell again.


Investors locked in profits on Auris Medical Holding (Nasdaq: EARS).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 soared 31 points to 2,159. Bitcoin rose $4 to $607.

The markets rebounded during the midday with the Dow leaping 248 points to 18,334 after comments by Federal Reserve Board Governor Lael Brainard calmed rate hike fears. Nasdaq jumped 81 points to 5,207. 


The Department of Justice issued subpoenas to Taro Pharmaceutical Industries and two executives for documents related to generic drug pricing and sales. Communications between Taro and its competitors have also been requested. The maker of generic over the counter ointments has said that it will cooperate with the investigation.


At the request of domestic steel producers, the Commerce Department conducted an investigation into the practices of Chinese steel companies. A preliminary finding has been made that Chinese stainless steel sheet and strip imports have been dumped in the U.S. at below market rates. Preliminary antidumping duties have been set and will be implemented if the U.S. International Trade Commission finds that domestic steel producers have suffered damage from the Chinese imports.


Google released its Cardboard Camera app for Apple's iOS today. The app allows users to create 3D panorama views using photos taken with an Apple device. Users can view the finished photos with the Google Cardboard viewer.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 gained 5 points to 2,133. Bitcoin added $2 to $605.

Bargain hunters lift markets

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Bargain hunters lifted the markets to a higher open with the Dow gaining 47 points to 18,133. Nasdaq climbed 24 points to 5,150. 


On the upside


Horizon Pharma (Nasdaq: HZNP) offered a premium of approximately $800 million in cash to acquire Raptor Pharmaceuticals (Nasdaq: RPTP).


Bargain hunters lifted shares of Advanced Micro Devices (Nasdaq: AMD).


Wunderlich upgraded Chesapeake Energy (NYSE: CHK) from a Hold rating to a Buy rating and lifted its price target from $6 to $10.


On the downside


Geron (Nasdaq: GERN) discontinued the 4.7 mg/kg dose arm and suspended enrollment in the 9.4 mg/kg dose arm of imetelstat in a Phase 2 clinical trial.


An independent data monitoring committee completed its review of Amarin's (Nasdaq: AMRN) REDUCE-IT cardiovascular outcomes study and recommended no modifications.


Polaris Industries (NYSE: PII) cut its full year earnings and revenue forecast.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 gained 5 points to 2,133. Bitcoin added $2 to $605.

The markets plummeted to close sharply lower with the Dow crashing 394 points to 18,085 over concerns that interest rates would soon rise. Nasdaq collapsed 133 points to 5,125. 


On the upside


Auris Medical (Nasdaq: EARS) reached the midpoint for enrollment in the HEALOS Phase 3 clinical trial of AM-111 to sudden deafness.


Piper Jaffray initiated coverage of Aptevo Therapeutics (Nasdaq: APVO) with an Overweight rating.


Shares of Teekay LNG Partners (NYSE: TPG) extended its gains.


On the downside


Violin Memory (NYSE: VMEM) reported a loss for the second quarter as revenue plunged.


Investors locked in profits on Momo (Nasdaq: MOMO).


Falling gold prices weighed down shares of Coeur Mining (NYSE: CDE).


In the broad market, declining issues outpaced advancers by a margin of nearly 19 to 1 on the NYSE and by 6 to 1 on Nasdaq. The broader S&P 500 plummeted 53 points to 2,127. Bitcoin slipped to $621.

Global concerns over North Korea's latest nuclear test sent the markets into a tailspin with the Dow collapsing 262 points to 18,217. Nasdaq plummeted 93 points to 5,165. 


A Volkswagen engineer became the first employee to plead guilty to conspiracy to defraud U.S. regulators and Volkswagen customers. The engineer has agreed to cooperate with investigators in exchange for a potentially lighter sentence. He may be imprisoned for up to five years and may pay fines of up to $250,000.


Uber has reconsidered an earlier decision to withdraw its service from Macau. The Macau government alleges that the ride hailing service violates local laws and has fined drivers approximately $1.25 million. Uber cited overwhelming support for its service from residents for its decision to continue operations in Macau.


General Motors will recall approximately 4.3 million vehicles to correct an air bag deployment software defect. The sensing and diagnostic module that controls air bag deployment during a crash may not activate the frontal air bags in certain situations. The global recall affects cars, trucks and SUVx from 2014 to 2017 model years.


In the broad market, declining issues outpaced advancers by a margin of more than 13 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 plummeted 35 points to 2,145. Bitcoin lost $2 to $620.

Comments by dovish Boston Federal Reserve President Eric Rosengren in support of an interest rate increase sent the markets tumbling to a sharply lower open with the Dow plummeting 161 points to 18,318. Nasdaq tumbled 45 points to 5,213. 


On the upside


Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive results from a Phase 3 study of sotagliflozin to treat patients with type 1 diabetes.


Finisar (Nasdaq: FNSR) reported higher first quarter earnings and revenue that surpassed analyst expectations.


Restoration Hardware (NYSE: RH) reported better than expected results for the first quarter.


On the downside


Investors locked in profits on Noble (NYSE: NE).


Lantheus Holdings (Nasdaq: LNTH) will offer 5.2 million shares of common stock.


Third quarter earnings and revenue for Hovnanian Enterprises (NYSE: HOV) missed analyst expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 2,160. Bitcoin lost $2 to $619.

The markets closed lower with the Dow losing 46 points to 18,479 even as jobless claims unexpectedly dropped. Nasdaq fell 24 points to 5,259. 


On the upside


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).


Clovis Oncology (Nasdaq: CLVS) stock surged after Gilead Sciences (Nasdaq: GILD) expressed interest in possibly investing in a poly ADP-ribose polymerase inhibitor.


Chesapeake Energy (NYSE: CHK) said that capital expenditures have plunged and that it has slashed cash costs per barrel during a presentation at a Barclay's conference this morning.


On the downside


Shares of AMD (Nasdaq: AMD) extended its losses.


Shares of QVC (Nasdaq: QVCA) fell after presenting at the Goldman Sachs 23rd Annual Global Retailing Conference this morning.


Supervalu (NYSE: SVU) cut its full year guidance.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 4 points to 2,181. Bitcoin climbed $13 to $624.

Project Wing delivers Chipotle

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The markets extended its losses during the midday with the Dow dropping 68 points to 18,457. Nasdaq tumbled 33 points to 5,250. 


Google parent Alphabet partnered with Chipotle to test drone deliveries of food orders to Virginia Tech. Project Wing, Alphabet's drone program, will use drones to transport hot food items from a Chipotle food truck to consumers, hover overhead, then lower the food using a winch. The food delivery experiment will last several weeks.


Airbnb announced changes to its policies and practices as part of its efforts to combat discrimination against minority guests. User photos will be smaller and be displayed in a less prominent position. The site will expand its instant book program. Hosts who tell a potential guest that the listing is unavailable will not be able to book new guests for the same time period.


Wells Fargo settled charges that it forced clients to open accounts that they did not request. The financial products that employees pressured customers to use generated fees for the bank. A total of $190 million will be paid with $5 million going to customers and $100 million to the Consumer Financial Protection Bureau


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 7 points to 2,178. Bitcoin gained $8 to $619.

First time applications for unemployment benefits unexpectedly fell last week but the markets opened lower with the Dow falling 59 points to 18,466. Nasdaq dropped 26 points to 5,257. 


On the upside


Second quarter revenue climbed for Sky Solar Holdings (Nasdaq: SKYS).


Tailored Brands (NYSE: TLRD) reported better than expected earnings for the second quarter.


In order to win regulatory approval of Walgreen Boots Alliance's (Nasdaq: WBA) proposed acquisition of Rite Aid (NYSE: RAD), Walgreens will sell between 500 to 1,000 stores.


On the downside


Pier 1 Imports (NYSE: PIR) warned of losses for the second quarter and announced the departure of chief executive Alex W. Smith.


Tractor Supply Company (Nasdaq: TSCO) cut its full year forecast prompting downgrades.


Barnes & Noble (NYSE: BKS) reported lower first quarter revenue that fell short of expectations and trimmed its full year forecast.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 2,180. Bitcoin climbed $13 to $624.

The markets closed flat with the Dow slipping 11 points to 18,526 while Nasdaq rose 8 points to 5,283 as economic growth moderated over the summer. 


On the upside


Accelmed Growth Partners entered into an agreement to purchase $25 million of Cogentix Medical (Nasdaq: CGNT) common stock.


GW Pharmaceuticals (Nasdaq: GWPH) retained the services of Morgan Stanley to advise the company on potential suitors.


Western Digital (Nasdaq: WDC) lifted its first quarter earnings and revenue outlook.


On the downside


Adeptus Health (NYSE: ADPT) chief executive Thomas S. Hall will retire by mid-2017.


Investors locked in profits on CoLucid Pharmaceuticals (Nasdaq: CLCD).


Profit taking weighed down shares of Energous (Nasdaq: WATT).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,186. Bitcoin added $4 to $612.

Mondelez announces expansion plans

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The markets traded lower during the midday with the Dow falling 54 points to 18,484. Nasdaq lost 10 points to 5,265. 


After abandoning its bid for Hershey last week, Oreo cookie maker Mondelez International announced plans to expand its business in the U.S. The world's second largest confectionary company will introduce Americans to its Milka Oreo chocolate bars. Mondelez will also develop more products for its Green & Blacks brand of premium products.


Internet radio service Pandora will offer a $5 per month option to entice users who listen for free to begin paying. Currently, approximately 76 million monthly users do not pay but do listen to ads. The new Pandora One $4.99 subscription has no ads and will allow users to skip songs and play music offline. Music streaming rivals Apple and Spotify charge $10 per month but offer more features.


Sony will introduce two new PlayStation 4 game consoles todau. Rumors have been circulating that there will be a slimmer version of the PS4 which will be sold at a lower price. Consumers are also eager to hear details about the PlayStation VR virtual reality system.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 lost 6 points to 2,180. Bitcoin added $3 to $611.

Mixed open ahead of Apple event

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The markets opened mixed with the Dow slipping 10 points to 18,527 ahead of Apple's iPhone event. Nasdaq rose 10 points to 5,285. 


On the upside


Retrophin (Nasdaq: RTRX) reported positive results from a Phase 2 DUET study of sparsentan to treat focal segmental glomerulosclerosis.


A new drug application will be filed for Agios Pharmaceuticals' (Nasdaq: AGIO) AG-221 by development partner Celgene.


Scientific Games (Nasdaq: SGMS) designated its wholly owned interactive social gaming subsidiaries as unrestricted subsidiaries.


On the downside


Sprouts Farmers Market (Nasdaq: SPFM) cut its third quarter revenue forecast and its full year revenue and earnings guidance.


Second quarter earnings and revenue for HD Supply Holdings (Nasdaq: HDS) fell short of expectations.


First quarter revenue fell for Casey's General Stores (Nasdaq: CASY).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added a point to 2,187. Bitcoin added $1 to $609.

Higher close as oil prices rise

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The markets recovered early morning losses to close higher with the Dow rising 46 points to 18,538 as crude oil prices rose. Nasdaq gained 26 points to 5,275. 


On the upside


William Blair maintained its Outperform rating on Dynavax Technologies (Nasdaq: DVAX) and said that the Food and Drug Administration's cancellation of an advisory committee meeting for Heplisav was a net positive.


Spectra Energy (NYSE: SE) will be acquired by Enbridge in an all-stock deal valued at approximately $28 billion.


Alibaba Group (NYSE: BABA) executive chair Jack Ma was recognized at the G20 summit for his work promoting easier access to free markets for small and medium-sized enterprises.


On the downside


Karyopharm Therapeutics (Nasdaq: KPTI) reported positive results from a Phase 2b STORM study of selinexor in multiple myeloma but the stock price fell as investors had been anticipating the upbeat results.


Stifel said that the strategic partnership between Navistar (NYSE: NAV) and Volkswagen could negatively impact Cummins (NYSE: CMI).


General Electric (NYSE: GE) will purchase two 3D-printing companies for $1.4 billion.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 2,186. Bitcoin added $3 to $606.

Crude oil prices rebounded to lift the markets during the midday with the Dow rising 25 points to 18,517. Nasdaq gained 19 points to 5,268. 


New York state Attorney General Eric Schneiderman said that the state was investigating allegations of antitrust violations by Mylan Pharmaceuticals. Mylan provides free EpiPens to schools through its EpiPens4Schools program. In order to participate in the program, schools allegedly signed contracts that prohibited them from purchasing products from Mylan competitors for a year.


Apple is expected to introduce its next iPhone and to announce updates to iMessages at its fall media event tomorrow. Rumors have circulated that the new iPhone may be waterproof. iMessages will now include more visual features such as stickers and animated balloons.


Starbucks will begin offering drinks sweetened with the naturally extracted, zero calorie sugar substitute stevia in most of its North American cafes. The coffee chain has nearly 9,000 locations in the U.S. and Canada. Switching from artificial sweeteners such as Splenda to natural ingredients is part of a nationwide trend to pursue a healthier lifestyle.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 lost 4 points to 2,175. Bitcoin added $1 to $605.

Weak expansion of the services sector weighed the markets down to a lower open with the Dow losing 20 points to 18,471. Nasdaq added a point to 5,251. 


On the upside


Danaher (NYSE: DHR) will acquire Cepheid (Nasdaq: CPHD) in an all cash deal valued at approximately $4 billion.


Volkswagen Truck & Bus acquired a 16.6% stake in Navistar International (NYSE: NAV).


CoLucid Pharmaceuticals (Nasdaq: CLCD) reported positive results from a Phase 3 study of lasmiditan to treat migraine headaches.


On the downside


Tonix Pharmaceuticals (Nasdaq: TNXP) reported disappointing results from a Phase 3 study of TNX-102 SL in patients with fibromyalgia and will discontinue its fibromyalgia program.


Marvell Technology (Nasdaq: MRVL) reported lower second quarter revenue that fell short of expectations and forecast current quarter earnings below estimates.


Shares of Hess (NYSE: HES) fell for the sixth day.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 lost 4 points to 2,175. Bitcoin added $1 to $605.

U.S. markets closed

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U.S. markets are closed for Labor Day.

An expected rate hike may be delayed in the wake of a lukewarm jobs report. The markets closed higher with the Dow climbing 72 points to 18,491. Nasdaq gained 22 points to 5,249. 


On the upside


Resolute Energy (NYSE: REN) will present at the Barclays CEO Energy Power Conference and the Johnson Rice Energy Conference.


Shares of Impinj (Nasdaq: PI) extended its gains.


Sagard Capital Partners Management increased its holdings in Performance Sports Group (NYSE: PSG) by 5.91 million shares.


On the downside


The Food and Drug Administration cancelled a meeting with the Vaccines and Related Biological Products Advisory Committee to access Dynavax Therapeutics' (Nasdaq: DVAX) Hepatitis B vaccine.


ChemoCentryx (Nasdaq: CCXI) reported initial results from an ongoing Phase Ib clinical trial of CCX872 in patients with advanced pancreatic cancer.


Smith & Wesson (Nasdaq: SWHC) reported higher first quarter earnings and revenue that beat expectations but Craig-Hallum downgraded the company from a Buy rating to a Hold rating and lowered its price target from $35 to $33.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 9 points to 2,179. Bitcoin rose $2 to $573.

A disappointing jobs report fueled speculation that the Federal Reserve will delay an interest rate hike. The markets traded higher during the midday with the Dow climbing 80 points to 18,499. Nasdaq gained 20 points to 5,247. 


Samsung will recall all 2.5 million Galaxy Note 7 smartphones that have been sold in the month that they have been on the market. A defect with the battery causes phones to catch fire while charging. Samsung will replace all devices for free in the coming weeks when a new product is available.


New orders for factory orders climbed 1.9% in July on the heels of a downwardly revised 1.8% drop in June. The gain was the largest in nine months but fell short of the 2.0% increase that economists had been expecting. Core capital goods orders rose 1.5%.


The Irish government will appeal the European Commission ruling that ordered Apple to pay approximately $14.5 billion in back taxes to Ireland. The massive tax bill covers more than 20 years that Apple had been paying an artificially low tax rate. Irish officials say that Apple has created vital jobs in impoverished counties.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 2,179. Bitcoin rose $3 to $573.

Higher open as 151,000 jobs added

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The markets opened higher with the Dow soaring 99 points to 18,519 as the economy added 151,000 jobs in August. Nasdaq climbed 28 points to 5,255. 


On the upside


Accuride (NYSE: ACW) will be acquired by Crestview Partners for a premium of $2.58 per share in cash.


Cowen analyst Gregg Moskowitz expects VeriSign (Nasdaq: VRSN) to report better than expected results for the third quarter.


Shares of Threshold Pharmaceuticals (Nasdaq: THLD) climbed on no news.


On the downside


VeriFone Systems (NYSE: PAY) fell to a loss for the third quarter and cut its full year outlook.


Second quarter revenue for Lululemon Athletica (Nasdaq: LULU) fell short of expectations and the company forecast current quarter results below estimates.


Ambarella (Nasdaq: AMBA) reported lower second quarter earnings and revenue.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 11 points to 2,181. Bitcoin rose $3 to $574.

The markets closed higher with the Dow rising 18 points to 18,419 on a better than expected jobless claims report. Nasdaq added 13 points to 5,227. 


On the upside


Highpower International (Nasdaq: HPJ) subsidiary Hong Kong Highpower Technology entered a framework agreement under which Anshan Co-operation would purchase newly issued shares of Highpower International subsidiaries in China.


Impinj (Nasdaq: PI) reported a smaller than expected loss in its first quarterly report as a publicly traded company.


Oxford Industries (NYSE: OXM) swung to a greater than expected profit for the second quarter.


On the downside


Shares of Yirendai (NYSE: YRD) tumbled for the third day.


Cytokinetics (Nasdaq: CYTK) and Amgen (Nasdaq: AMGN) will proceed with Phase 3 clinical development of omecamtiv mecarbil to treat chronic heart failure patients but their stock prices fell.


Petrobras (NYSE: PBR) cancelled a drilling contract with Diamond Offshore Drilling (NYSE: DO) two years before the termination date.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,170. Bitcoin slipped $1 to $572.

The markets traded mixed during the midday with the Dow slipping 4 points to 18,396. Nasdaq gained 10 points to 5,223. 


The Institute for Supply Management reported that manufacturing activity contracted in August for the first time in six months. The index of national factory activity dropped to 49.4. Demand for heavy machinery fell as oil drilling activity plunged.


WalMart will eliminate approximately 7,000 accounting and invoicing positions nationwide. The discount retailer has been working to improve staffing levels at its stores and provide better training for employees. WalMart is shifting headcount from back office positions to sales floor staff.


Dutch startup Beam Labs introduced its Beam smart projector at the IFA 2016 gadget show. Beam connects to iOS and Android devices and projects streaming videos onto any surface. There is a built-in speaker so that users can hear the programs that are being streamed. A portable stand is available to hold the Beam light bulb. 


In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 3 points to 2,167. Bitcoin lost $2 to $571.

Jobless claims rose less than expected last week but the markets opened lower with the Dow dropping 80 points to 18,320. Nasdaq fell 19 points to 5,193. 


On the upside


Cynapsus Therapeutics (Nasdaq: CYNA) will be acquired by Sunovion Pharmaceuticals in an all cash deal valued at approximately $624 million.


Jaguar Animal Health (Nasdaq: JAGX) reported additional upbeat results from a study evaluating Neonorm in dairy calves.


Ollie's Bargain Outlet (Nasdaq: OLLI) reported higher second quarter earnings and revenue that beat expectations.


On the downside


Shares of First Majestic Silver (NYSE: AG) fell for the third day.


Genesco (NYSE: GCO) reported lower second quarter revenue and cut its full year forecast.


Investors locked in profits on SkyPeople Fruit Juice (Nasdaq: SPU).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 fell 10 points to 2,160. Bitcoin lost $2 to $571.

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