The markets closed mixed with the Dow adding 9 points to 17,720 as first time applications for unemployment benefits unexpectedly rose last week. Nasdaq fell 23 points to 4,737.
On the upside
Shares of Companhia Energitica de Minas Gerais (NYSE: CIG) rose after Brazilian senators voted to suspend President Dilma Rousseff and pursue an impeachment trial.
Shares of A. M. Castle & Co. (NYSE: CAS) continued soaring.
On the downside
Parnell Pharmaceuticals (Nasdaq: PARN) priced its public offering of 2.55 million common shares at a discounted price.
21Vianet Group (Nasdaq: VNET) stock fell again over concerns about the Chinese economy.
Block & Leviton has initiated an investigation into Lending Club (NYSE: LC) for securities law violations.
Concerns that more cheap imported steel would be arriving on U.S. shores sent shares of U.S. Steel (NYSE: X) tumbling.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 held steady at 2,064. Bitcoin slipped to $450.