Crude oil prices slipped as the nation's inventory of crude oil unexpectedly rose last week. The markets closed lower with the Dow losing 32 points to 19,941. Nasdaq fell 12 points to 5,471.
On the upside
Internap (Nasdaq: INAP) completed its initial round of cost cuts and reaffirmed its 2016 forecast.
Twilio (NYSE: TWLO) expanded its existing relationship with Amazon.
Merus (Nasdaq: MRUS) entered a global, strategic collaboration agreement with Incyte (Nasdaq: INCY) to research and develop bispecific antibodies using Merus' Biclonics technology platform.
On the downside
Shares of ContraVir Pharmaceuticals (Nasdaq: CTRV) extended its losses.
Retreating crude oil prices weighed down share of Stone Energy (NYSE: SGY) and Vanguard Natural Resources (Nasdaq: VNR).
An appeals court affirmed an arbitration award in favor of TerraVia Holdings (Nasdaq: TVIA) but the stock price slipped.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index lost 5 points to 2,265. Bitcoin surged $27 to $817.
