Disappointing labor productivity report weighs down markets

A disappointing labor productivity report weighed the markets down to a lower close with the Dow dropping 69 points to 20,855. Nasdaq added 3 points to 5,837.


On the upside


Novo Nordisk reportedly made an offer to acquire Global Blood Therapeutics (Nasdaq: GBT).


Bargain hunters lifted shares of DryShips (Nasdaq: DRYS).


Shares of MYOS RENS Technology (Nasdaq: MYOS) rose on bargain hunting.


On the downside


Shares of Tellurian (Nasdaq: TELL) extended its losses by falling for the seventh day.


Team (NYSE: TEAM) fell to a loss for the fourth quarter.

Natera (Nasdaq: NTRA) widened losses for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index fell 5 points to 2,362. Bitcoin plunged $69 to $1,157.


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