Flat open as Comey begins testimony

The markets opened flat with the Dow adding a points to 21,175 as former FBI director James Comey testifies before Congress. Nasdaq held steady at 6,297.


On the upside


Alibaba (NYSE: BABA) chief financial officer Maggie Wu forecast revenue growth in 2018 between 45% to 49%.


Nordstrom (NYSE: JWN) may be taken private by some members of the Nordstrom family.


Valeant Pharmaceuticals (NYSE: VRX) will sell its iNova Pharmaceuticals business for $930 million.


On the downside


Genetech will return the rights of GDC-0919 to NewLink Genetics (Nasdaq: NLNK).


Profit taking weighed down shares of MoSys (Nasdaq: MOSY).

Shares of Chesapeake Energy (NYSE: CHK) extended its losses.


The broader S&P 500 eased a point to 2,431. Bitcoin climbed $53 to $2703.


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