The markets closed mixed with the Dow slipping 3 points to 17,526 after the Federal Reserve indicated that interest rates may rise in June. Nasdaq gained 23 points to 4,739.
On the upside
Castlight Health (NYSE: CSLT) entered a strategic business alliance with SAP.
MacroGenics (Nasdaq: MGNX) licensed its preclinical biospecifc molecule MGD015 to Janssen Biotech.
Charter Communications (Nasdaq: CHTR) completed its acquisition of Time Warner Cable.
On the downside
Retreating crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI).
Falling silver prices weighed down shares of Pan American Silver (Nasdaq: PAAS).
Coeur Mining (NYSE: CDE) chief executive Mitch Krebs said that there was much upside to silver prices but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE while advancers edged out decliners by a margin of nearly 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,047. Bitcoin held steady at $453.
Mixed close on possible rate hike
May 18, 2016 at 18:19 PM EDT
