Mixed close as housing starts fall

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The markets closed mixed with the Dow gaining 24 points to 21,384 as U.S. housing starts fell in May. Nasdaq lost 13 points to 6,151.


On the upside


RFID technology company Impinj (Nasdaq: PI) soared on Amazon's (Nasdaq: AMZN) purchase of Whole Foods (Nasdaq: WFM).


Sanchez Energy (NYSE: SN) sold its non-core Marquis asset in the Eagle Ford Shale to Lonestar Resources (Nasdaq: LONE) for approximately $50 million in cash.


Gener8 Maritime (NYSE: GNRT) retained the services of UBS to explore a potential sale.


On the downside


Teck Resources (NYSE: TECK) warned that second quarter average realized coal prices will be lower than expected. 


Amazon's acquisition of Whole Foods sent shares of Costco Wholesale (Nasdaq: COST), Smart & Final Stores (NYSE: SFS), Sprouts Farmers Market (Nasdaq: SFM), Supervalu (NYSE: SVU), and United Natural Foods (Nasdaq: UNFI) tumbling.

 

Shares of real estate investment trust Kimco Realty (NYSE: KIM) fell on news that Amazon will buy Whole Foods.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE while decliners edged out advancers by more than 6 to 5 on Nasdaq. The broader S&P 500 edged up a fraction to 2,433. Bitcoin fell $16 to $2459.


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This page contains a single entry by published on June 16, 2017 3:34 PM.

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