The markets closed mixed with the Dow rising 33 points to 21,830 as total compensation edged up 0.5%in the second quarter. Nasdaq lost 7 points to 6,374.
On the upside
Boston Beer (NYSE: SAM) reported higher second quarter earnings and revenue that surpassed analyst expectations.
Aaron's (NYSE: AAN) acquired its largest franchisee SEI/Aaron's in an all cash deal valued at approximately $140 million.
ImmunoGen(Nasdaq: IMGN) narrowed second quarter losses more than expected as revenue surged.
On the downside
The Food and Drug Administration will adopt new regulations to lower the amount of nicotine in cigarettes sending shares of Altria Group (NYSE: MO) and British American Tobacco (NYSE: BTI) tumbling.
Longbow Research downgraded AK Steel (Nasdaq: AKS) from a Buy rating to a Neutral rating.
Eros International (NYSE: EROS) disappointed with lower fourth quarter earnings that fell far short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 8 on the NYSE while decliners edged out advancers by more than 9 to 8 on Nasdaq. The broader S&P 500 slipped 3 points to 2,472. Bitcoin climbed $45 to $2640.
