The markets turned negative during the midday with the Dow losing 24 to 17,827 as crude oil prices slipped. Nasdaq eased a point to 4,893.
On the upside
Flexion Therapeutics (Nasdaq: FLXN) received positive guidance from the Food and Drug Administration on its New Drug Application submission for Zilretta.
Gogo (Nasdaq: GOGO) received a proposal to provide connectivity service to a major airline.
Shares of Alnylam Pharmaceuticals (Nasdaq: ALNY) climbed for the fifth day in a row.
On the downside
Tidewater (NYSE: TDW) widened fourth quarter losses more than expected as revenue plunged.
Paragon Shipping (Nasdaq: PRGN) received a notice of non-compliance from Nasdaq.
OvaScience (Nasdaq: OVAS) priced its public offering of 7.15 million common shares at the discounted price of $7.00 per share.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,088. Bitcoin added $3 to $451.
Markets slip at midday
May 26, 2016 at 14:38 PM EDT