The markets opened flat with the Dow edging up a fraction to 20,612 even as first time applications for unemployment benefits rose less than expected. Nasdaq added a point to 5,821.
On the upside
Shares of Zosano (Nasdaq: ZSAN) continued to rise.
Cisco Systems (Nasdaq: CSCO) reported better than expected earnings for the second quarter.
RDInvesting noted that Novavax (Nasdaq: NVAX) may be poised to breakout.
On the downside
Profit taking weighed down shares of My Size (Nasdaq: MYSZ).
The Food and Drug Administration approved Valeant Pharmaceuticals' (NYSE: VRX) moderate to severe plaque psoriasis treatment SILIQ but the stock price fell.
Investors locked in profits on Reliv International (Nasdaq: RELV).
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped 3 points to 2,346. Bitcoin climbed $19 to $1,024.
