Mixed close as Trump targets drug costs

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The markets closed mixed with the Dow climbing 91 points to 24,831 as President Donald Trump vowed to lower drug costs. Nasdaq eased 2 points to 7402.


On the upside


Shares of Huya (NYSE: HUYA) surged in its market debut.


WideOpenWest (NYSE: WOW) reported a loss for the first quarter but the stock price soared.


Shares of Turtle Beach (Nasdaq: HEAR) continued to soar.

 

On the downside 


Ultra Petroleum (Nasdaq: UPL) swung to a profit for the first quarter but the stock price fell.


Fate Therapeutics (Nasdaq: FATE) widened losses for the third quarter.


Casa Systems (Nasdaq: CASA) reported lower first quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 added 4 points to 2,727. Bitcoin crashed $461 to $8,630.


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