Continuing concerns about tax plan weighs down markets

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Continued concern about the GOP tax plan weighed down the markets with the Dow falling 55 points to 23,367. Nasdaq lost 23 points to 6,727.


On the upside


The Wall Street Journal reported that Hasbro (Nasdaq: HAS) offered to acquire Mattel (Nasdaq: MAT).


Nektar Therapeutics (Nasdaq: NKTR) reported upbeat results from a PIVOT-02 Phase 1/2 study of Opdivo with NKTR-214.


Funai Electric joined the Roku (Nasdaq: ROKU) TV licensing program.

 

On the downside


General Electric (NYSE: GE) slashed its dividend by half.


Zacks Equity Research wrote that KBR (NYSE: KBR) could be a top value stock but the stock price fell. 


ZTO Express (NYSE: ZTO) will release earnings after market close on Monday, November 20, 2017.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 lost 6 points to 2,576. Bitcoin leaped $955 to $6,671.


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