Markets flat as durable goods orders drop

The markets traded flat during the midday with the Dow adding 13 points to 18,133 as durable goods orders dropped last month. Nasdaq slipped 2 points to 5,151.

On the upside

Momo (Nasdaq: MOMO) co-founder and chief executive Yan Tang along with three investment firms offered to take Momo private for a premium of $18.90 per American Depositary Share.

Bargain hunters lifted shares of Magnum Hunter Resources (NYSE: MHR).

Key Energy Services (NYSE: KEG) named Robert Drummond to the position of president and chief operating officer.

On the downside

CorEnergy Infrastructure Trust (NYSE: CORR) will offer 11.25 million common shares through a public offering and $75 million of unsecured convertible senior notes.

Synergy Pharmaceuticals (Nasdaq: SGYP) initiated the second Phase 3 clinical trial of plecanatide to treat irritable bowel syndrome with constipation.

BlackBerry (Nasdaq: BBRY) reported a wider than expected loss for the first quarter as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 2122. Bitcoin slipped $3 to $244.
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