Lower close as import and export prices fall

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The markets closed lower with the Dow slipping 14 points to 21,359 as import and export prices both fell in May. Nasdaq fell 29 points to 6,165.


On the upside


Shares of Epizyme (Nasdaq: EPZM) extended its gains.


An appeals court declined to block a Federal Communications Commission vote so Tribune Media (NYSE: TRCO) will be able to sell some assets to Sinclair Broadcast Group.


ILG (Nasdaq: ILG) has engaged in early stage discussions for a possible merger.


On the downside


Retreating crude oil prices weighed down shares of oilfield services firm Weatherford International (NYSE: WFT). 


Shares of Snap (NYSE: SNAP) fell back down to its IPO price.

 

Encana (NYSE: ECA) will close its Deep Panuke project.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 5 points to 2,432. Bitcoin dropped $27 to $2435.


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