Consumer spending rose in April but the markets closed lower with the Dow dropping 50 points to 21,029 over the likelihood of another interest rate hike. Nasdaq lost 7 points to 6,203.
On the upside
A judge issued an initial ruling in TiVo's (Nasdaq: TIVO) favor finding that Comcast (Nasdaq: CMCSA) violated two of TiVo's patents.
Bargain hunters lifted shares of Stein Mart (Nasdaq: SMRT).
Conn's (Nasdaq: CONN) scheduled a conference call on June 6, 2017 at 11am Eastern time to discuss first quarter results.
On the downside
Shares of Editas Medicine (Nasdaq: EDIT) tumbled after a scientific paper that was published in Nature Methods warned of unintended genetic mutations in mice that had been cured of blindness using CRISPR/Cas9.
Retreating crude oil prices weighed down shares of Comstock Resources (NYSE: CRK).
Falling gold prices sent shares of Sibanye Gold (NYSE: SBGL) lower.
The broader S&P 500 slipped 2 points to 2,412. Bitcoin dropped $38 to $2244.
