The markets rebounded to close flat with the Dow holding steady at
17,402 as crude oil prices rose. Nasdaq added 7 points to 5,044.
On the upside
Recovering crude oil prices lifted shares of Comstock Resources (NYSE: CRK).
Bargain hunters lifted shares of Vipshop Holdings (NYSE: VIPS).
Credit Suisse lowered its price target on Laredo Petroleum (NYSE: LPI) from $10 to $9 but the stock price rose.
On the downside
Profit taking weighed down shares of Forward Industries (Nasdaq: FORD).
Akebia Therapeutics (Nasdaq: AKBA) widened losses for the second quarter.
Shares of SFX Entertainment (Nasdaq: SFXE) extended its losses.
In
the broad market, declining issues barely edged out advancers by a slim
margin of nearly 10 to 9 on the NYSE and by a margin of 9 to 7 on
Nasdaq. The broader S&P 500 added a point to 2,086. Bitcoin eased a
fraction to $267.