Flat close after US withdraws from Iran nuclear deal

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The markets closed flat with the Dow adding 2 points to 24,360 after the U.S withdrew from the Iran nuclear deal. Nasdaq edged up a point to 7266.


On the upside


Impinj (Nasdaq: PI) reported first quarter revenue that was higher than expected. 


Fossil Group (Nasdaq: FOSL) reported a smaller than expected loss for the first quarter. 


Dean Foods (NYSE: DF) narrowed first quarter losses more than expected.

 

On the downside 


Moody's downgraded Gogo's (Nasdaq: GOGO) corporate family rating from B3 to Caa1.


Hertz Global (NYSE: HTZ) reported a wider than expected loss for the first quarter.


Entercom Communications (NYSE: ETM) reported a loss for the first quarter.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by a margin of 6 to 5 on Nasdaq. The broader S&P 500 held steady at 2,671. Bitcoin sank $230 to $9,164.


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This page contains a single entry by published on May 8, 2018 2:13 PM.

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