The markets closed mixed with the Dow gaining 45 points to 22,203 as the nation's consumer prices rose more than expected last month. Nasdaq dropped 31 points to 6,429.
On the upside
BidaskClub downgraded Phoenix New Media (NYSE: FENG) from a Buy rating to a Hold rating but the stock price climbed.
W&T Offshore (NYSE: WTI) chief executive Tracy W. Krohn purchased 271,444 shares of company stock.
Cornerstone OnDemand (Nasdaq: CSOD) retained the services of Goldman Sachs and Centerview Partners to explore a potential sale of the company.
On the downside
Glaukos (NYSE: GKOS) revised its 2017 net sales guidance.
Arrowhead Pharmaceuticals (Nasdaq: ARWR) introduced it new TRiM platform but the stock price fell.
Morgan Stanley downgraded Hertz (NYSE: HTZ) from an Equal Weight rating to an Underweight rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,495. Bitcoin collapsed $536 to $3,347.
