Despite strong auto sales, the markets closed lower with the Dow losing 28 points to 18,011 over concerns that Greece may not be able to make its first debt payment at the end of the week. Nasdaq slipped 6 points to 5,076.
On the upside
Wi-Lan (Nasdaq: WILN) acquired a portfolio of over 7,000 patents from Qimonda and will license the patents to Samsung.
Bargain hunters lifted shares of Peabody Energy (NYSE: BTU).
Rising crude oil prices lifted shares of Petrobas (NYSE: PBR).
On the downside
Shares of Vascular Biogenics (Nasdaq: VBLT) continued falling.
Investors locked in profits on ITT Educational Services (NYSE: ESI).
Bank of America Merrill Lynch and Goldman Sachs initiated coverage of Bojangles (Nasdaq: BOJA) with a Neutral rating while Barclays initiated coverage with an Equal Weight rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2109. Bitcoin rose $4 to $227.
Lower close as Greek debt payment nears
June 02, 2015 at 17:56 PM EDT
