Economy grew at modest pace, markets close mixed

The markets closed flat with the Dow slipping 11 points to 18,526 while Nasdaq rose 8 points to 5,283 as economic growth moderated over the summer.


On the upside


Accelmed Growth Partners entered into an agreement to purchase $25 million of Cogentix Medical (Nasdaq: CGNT) common stock.


GW Pharmaceuticals (Nasdaq: GWPH) retained the services of Morgan Stanley to advise the company on potential suitors.


Western Digital (Nasdaq: WDC) lifted its first quarter earnings and revenue outlook.


On the downside


Adeptus Health (NYSE: ADPT) chief executive Thomas S. Hall will retire by mid-2017.


Investors locked in profits on CoLucid Pharmaceuticals (Nasdaq: CLCD).


Profit taking weighed down shares of Energous (Nasdaq: WATT).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,186. Bitcoin added $4 to $612.

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