The markets closed flat with the Dow slipping 12 points to 18,268 despite an unexpected drop in jobless claims as investors worried about a possible interest rate increase. Nasdaq lost 9 points to 5,306.
On the upside
Shares of Coupa Software (Nasdaq: COUP) surged in its market debut.
Genco Shipping & Trading (NYSE: GNK) announced agreements with several entities to purchase an aggregate of up to $125 million of preferred stock.
Zumiez (Nasdaq: ZUMZ) reported higher September same store sales prompting the specialty retailer to lift its third quarter guidance.
On the downside
Inventergy Global (Nasdaq: INVT) priced its public offering of 6 million common shares at the discounted price of $1.00 per share.
Shares of Florida residential insurance company Universal Insurance (Nasdaq: UVE) dropped as Hurricane Matthew approached the state.
Idera Pharmaceuticals (Nasdaq: IDRA) will sell up to $50 million worth of common stock through a public offering.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added a point to 2,160. Bitcoin added a fraction to $610.
