Lower close after choppy day

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The markets closed lower with the Dow losing 19 points to 24,893 after a choppy trading day. Nasdaq tumbled 63 points to 7051.


On the upside


Model N (NYSE: MODN) narrowed first quarter losses more than expected as revenue rose.


Weight Watchers (NYSE: WTW) announced new initiatives to strengthen its reputation, expand its business and partner with families to establish healthy habits.


Horizon Global (Nasdaq: HZN) shareholder Marcato Capital Management sent a letter to the Board of Directors outlining a value-maximizing path for the company.

 

On the downside 


Macom Technology Solutions (Nasdaq: MTSI) widened first quarter losses more than expected as revenue fell.


Black Box (Nasdaq: BBOX) fell to a loss for the third quarter.


Extreme Networks (Nasdaq: EXTR) widened losses for the second quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 dropped 13 points to 2,681. Bitcoin soared $421 to $8,080.


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