The markets closed flat with the Dow rising 9 points to 18,129 ahead of the release of the Federal Reserve's policy statement tomorrow. Nasdaq rose 6 points to 5,241.
On the upside
The acquisition of Tobira Therapeutics (Nasdaq: TBRA) by Allergan (NYSE: AGN) raised speculation that Conatus Pharmaceutcals (Nasdaq: CNAT) may be acquired.
Aegerion Pharmaceuticals (Nasdaq: AEGR) appointed Remi A. Menes to the position of chief commercial officer.
Tessera Technologies will acquire DTS (Nasdaq: DTSI) for a premium of approximately $850 million in cash.
On the downside
HNI (NYSE: HNI) cut its third quarter and full year forecast.
Sinclair Broadcast Group (Nasdaq: SBGI) blamed tepid political advertising spending for lowering its third quarter guidance.
Tidewater (NYSE: TDW) chief financial officer Quinn P. Fanning and chief investor relations officer Joseph M. Bennett will present at the Johnson Rice 2016 Energy Conference on Thursday, September 22, 2016.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,139. Bitcoin held steady at $609.
