The markets closed flat with the Dow losing 28 points to 21,611 as the Senate continues to evaluate options on how to move forward with a healthcare bill. Nasdaq rose 4 points to 6,390.
On the upside
Hydro One will pay a premium of approximately $5.32 billion in cash to acquire Avista (NYSE: AVA).
Ambac Financial Group (Nasdaq: AMBC) will restructure the Segregated Account of AAC to conclude the rehabilitation of the Segregated Account.
Shares of Kala Pharmaceuticals (Nasdaq: KALA) surged on its first trading day.
On the downside
MarineMax (NYSE: HZO) reported lower third quarter revenue as same store sales tumbled.
A. Schulman (Nasdaq: SHLM) slashed its full year earnings outlook.
Credit Suisse downgraded Smart Sand (Nasdaq: SND) from an Outperform rating to a Neutral rating and slashed its price target from $20.00 to $8.50.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,473. Bitcoin leaped $395 to $2649.