Lower Close After Six Weeks Of Gains
The markets ended the day little changed with the Dow slipping 21 points to 13,971 after six weeks of gains. Nasdaq edged down a point to 3192.
On the upside
Williams Capital initiated coverage of Uni-Pixel (Nasdaq: UNXL) with a Buy rating.
Steel Holdings will acquire 7.5 million common shares of ModusLink (NYSE: MLNK) for a premium of $30 million.
Shares of American Semiconductor (Nasdaq: AMSC) rose ahead of its earnings release after market close.
On the downside
Profit taking sank shares of Oncolytics Biotech (Nasdaq: ONCY).
Gulfport Energy (Nasdaq: GPOR) launched a public offering of 7.75 million shares of common stock.
In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1517.
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