The markets closed flat with the Dow adding 2 points to 17,789 despite upbeat manufacturing activity as investors worried about an interest rate increase. Nasdaq rose 4 points to 4,952.
On the upside
Minerva Neurosciences (Nasdaq: NERV) will present at the Jefferies 2016 Healthcare Conference on June 8, 2016.
Shares of Herculers Offshore (Nasdaq: HERO) continued rising.
Cracker Barrel Old Country Store (Nasdaq: CBRL) reported higher third quarter earnings and revenue, increased its quarterly dividend, raised its full year earnings outlook and declared a special dividend.
On the downside
H.C. Wainwright downgraded Cymabay Therapeutics (Nasdaq: CBAY) from a Buy rating to a Neutral rating.
Raymond James downgraded Briggs & Stratton (NYSE: BGG) from a Strong Buy rating to a Market Perform rating.
Profit taking continued to weigh down shares of Vivint Solar (NYSE: VSLR).
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,099. Bitcoin gained $7 to $529.
Flat close over rate concerns
June 01, 2016 at 20:02 PM EDT
