The markets closed modestly lower with the Dow losing 14 points to 18,529 even as crude oil prices rose. Nasdaq slipped 7 points to 5,213.
On the upside
California Resources (NYSE: CRC) increased its offer to purchase outstanding notes from $525 million to $750 million.
MEI Pharma (Nasdaq: MEIP) entered an exclusive licensing, development and commercialization agreement with Helsinn for the acute myeloid leukemia treatment Pracinostat.
Sanchez Energy (NYSE: SN) narrowed second quarter losses more than expected.
On the downside
Investors locked in profits on Check-Cap (Nasdaq: CHEK).
AMN Healthcare Services (NYSE: AHS) extended its losses.
Ceragon Networks (Nasdaq: CRNT) disappointed with lower second quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped a point to 2,180. Bitcoin eased a fraction to $588.
