Lower open as Secretary of State arrives in Moscow

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The markets opened lower with the Dow falling 55 points to 20,602 as Secretary of State Rex Tillerson arrived in Moscow to discuss the Syrian conflict. Nasdaq dropped 35 points to 5,845. 


On the upside


RetailMeNot (Nasdaq: SALE) will be acquired by Harland Clarke Holdings for a premium of $11.60 per share in cash.


Tonix Pharmaceuticals (Nasdaq: TNXP) received the official minutes from its Initial Cross-Disciplinary Breakthrough Meeting with the Food and Drug Administration.


Catalyst Biosciences (Nasdaq: CBIO) achieved a key milestone to advance the Factor IX program towards its first human clinical trial and received a milestone payment.


On the downside


Cytori Therapeutics (Nasdaq: CYTX) priced its public offering of 8.6 million common shares at the discounted price of $1.10 per share.


The Securities and Exchange Commission secretly recorded AmTrust Financial Services (Nasdaq: AFSI) employees during an investigation into the insurer's accounting practices.

 

Shares of United Continental (NYSE: UAL) tumbled after a video of a passenger being forcibly removed from a flight went viral.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index dropped 10 points to 2,347. Bitcoin climbed $15 to $1210.


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This page contains a single entry by published on April 11, 2017 6:47 AM.

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