Flat close as Senate weighs options

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.


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