Mixed close after rate increase

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The markets closed mixed with the Dow gaining 46 points to 21,374 while Nasdaq fell 25 points to 6,194 after the Federal Reserve raised interest rates by a quarter percentage point.


On the upside


Epizyme (Nasdaq: EPZM) reported upbeat interim data from a Phase 2 clinical trial of tazemetostat


Shares of Athenex (Nasdaq: ATNX) climbed in its market debut.


Shares of Omeros (Nasdaq: OMER) extended its gains.


On the downside


Retreating crude oil prices weighed down shares of Halcon Resources (NYSE: HK), Oasis Petroleum (NYSE: OAS), SM Energy (NYSE: SM). 


Shares of oilfield services firm Weatherford International (NYSE: WFT) fell alongside oil companies.

 

Synchronoss Technologies (Nasdaq: SNCR) must restate financial reports from 2015 and 2016.


In the broad market, declining issues edged out advancers by a margin of 9 to 8 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 2,437. Bitcoin plummeted $159 to $2528.


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This page contains a single entry by published on June 14, 2017 2:43 PM.

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