It was a flat close for the markets with the Dow slipping 7 points to 20,093 as the nation's economy expanded more slowly in the fourth quarter than expected. Nasdaq added 5 points to 5,660.
On the upside
Shares of Pulmatrix (Nasdaq: PULM) surged for the fourth day in a row.
Stonegate Mortgage (NYSE: SGM) will be acquired by Home Point Financial in an all-cash transaction valued at approximately $211 million.
Lantronix (Nasdaq: LTRX) swung to a profit for the second quarter as revenue climbed.
On the downside
Novan (Nasdaq: NOVN) reported conflicting results from two Phase 3 clinical trials of SB204 to treat acne vulgaris.
DryShips (Nasdaq: DRYS) stock continued its extended decline.
Investors locked in profits on SandRidge Permian Trust (NYSE: PER).
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped a point to 2,294. Bitcoin gained $4 to $913.
