Flat close over geopolitical concerns

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The markets closed flat with the Dow adding a point to 20,658 as investors monitored geopolitical developments. Nasdaq rose 3 points to 5,880. 


On the upside


Axovant Sciences (NYSE: AXON) named David Hung, MD to the position of chief executive officer.


Everi Holdings (NYSE: EVRI) is seeking to refinance its outstanding $335 million senior secured notes and its existing first lien term loan.


SunPower (Nasdaq: SPWR) began construction of an 8.79 megawatt solar system at Toyota Motor North America's new headquarters in Plano, Texas.


On the downside


The New York State Department of Environmental Conservation denied a request by National Fuel Gas (NYSE: NFG) for a permits for its Northern Access Pipeline Project.


Profit taking weighed down shares of China Commercial Credit (Nasdaq: CCCR).

 

Zacks Investment Research downgraded United Natural Foods (Nasdaq: UNFI) from a Hold rating to a Sell rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,357. Bitcoin fell $5 to $1196.



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