The markets closed mixed with the Dow slipping 6 points to 20,661 as sales of existing homes fell by a more than expected 3.7% in February. Nasdaq gained 27 points to 5,821.
On the upside
JMP Securities analyst Michael King initiated coverage of Idera Pharmaceuticals (Nasdaq: IDRA) with a Market Outperform rating and a price target of $8.
Acacia Communications (Nasdaq: ACIA) is demonstrating a subset of its coherent product portfolio at the Optical Fiber Communication Conference and Exhibition this week.
Applied Optoelectronics (Nasdaq: AAOI) is introducing a new 200 Gbps product family as well as showcasing its product portfolio at the Optical Fiber Communication Conference and Exhibition this week.
On the downside
Goldman Sachs downgraded Frontier Communications (Nasdaq: FTR) from a Neutral rating to a Sell rating.
Nike (NYSE: NKE) disappointed with third quarter revenue that fell short of expectations.
Shares of Tandem Diabetes Care (Nasdaq: TNDM) fell for the third day in a row.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 index added 4 points to 2,348. Bitcoin plummeted $88 to $1,033.
