The markets traded lower during the midday with the Dow tumbling 87 points to 17,785 as upbeat economic data sparked concerns about an interest rate increase. Nasdaq added 3 points to 4,937.
On the upside
B.O.S. Better Online Solutions (Nasdaq: BOSC) swung to a profit for the first quarter.
Tata Motors (NYSE: TTM) impressed with sharply higher fourth quarter earnings that beat analyst expectations.
Electro Rent (Nasdaq: ELRC) will be acquired by Platinum Equity for a premium of approximately $323.4 million.
On the downside
Shares of The Chemours Company (NYSE: CC) fell for the third day.
Renren (NYSE: RENN) will release earnings on June 8, 2016.
Anbang Insurance Group withdrew is request for regulatory approval of its proposed acquisition of Fidelity & Guaranty Life (NYSE: FGL).
In the broad market, advancing issued outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 4 points to 2,094. Bitcoin added $3 to $528.
Markets fall over rate concerns
May 31, 2016 at 13:33 PM EDT
