The markets closed mixed with the Dow rising 17 points to 17,938 after the World Bank trimmed its global economic expansion forecast from 2.9% to 2.4%. Nasdaq lost 6 points to 4,961.
On the upside
Rising crude oil prices lifted shares of California Resources (NYSE: CRC).
Navistar International (NYSE: NAV) swung to a greater than expected profit for the second quarter.
Consolidate Communications (Nasdaq: CNSL) selected Synacor's (Nasdaq: SYNC) End-to-End Video Solutions to provide enhanced TV Everywhere apps.
On the downside
Catalent (NYSE: CTLT) announced a secondary offering of its common shares.
The Department of Education asked ITT Educational Services (NYSE: ESI) to provide evidence that it had sufficient funds to refund students if the for-profit educator shuts down.
A federal judge overturned a jury's ruling that Gilead (Nasdaq: GILD) infringed on two patents owned by Merck (NYSE: MRK) and Ionis Pharmaceuticals (Nasdaq: IONS).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 2,112. Bitcoin lost $7 to $570.
