The Institute for Supply Management corrected its manufacturing index for the second time today to an increase to 55.4 in May from a reading of 54.9 the previous month. The markets advanced with the Dow rising 24 points to 16,741. Nasdaq fell 12 points to 4,229.
On the upside
EveryWare Global (Nasdaq: EVRY) reached forbearance agreements with its lenders until June 30, 2014.
Reuters reported that Dai-ichi Life engaged in negotiations to acquire Protective Life (NYSE: PL).
Ventas will pay approximately $2.6 billion in cash and stock to purchase American Realty Capital Healthcare Trust (Nasdaq: HCT).
On the downside
Rumors circulated that Google Glass (Nasdaq: GOOG) would no longer use Himax Technologies (Nasdaq: HIMX).
FreeSeas (Nasdaq: FREE) settled its debt with Credit Suisse with a payment of $22.6 million.
GTx (Nasdaq: GTXI) reported upbeat results from a Phase 2 clinical study of enobosarm in breast cancer patients but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 edged up a fraction to 1924. Bitcoin slipped $10.85 or 1.73% to $629.05.
