The markets closed flat with the Dow rising 32 points to 20,100 as new home sales fell in December while jobless claims rose last week. Nasdaq slipped a point to 5,655.
On the upside
Insider Financial said that Pulmatrix (Nasdaq: PULM) was undervalued and should climb this year.
Gulfmark Offshore (NYSE: GLF) entered two new long term contracts.
United Rentals (NYSE: URI) reported better than expected earnings for the fourth quarter and announced that the company will pay approximately $965 million in cash to acquire NES Rentals Holdings.
On the downside
Shares of DryShips (Nasdaq: DRYS) extended its losses.
Cimpress (Nasdaq: CMPR) reported lower second quarter earnings that fell short of expectations and announced a reorganization plan.
Entellus Medical (Nasdaq: ENTL) priced its public offering of 3.53 million common shares at the discounted price of $17.00 per share.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index eased a point to 2,296. Bitcoin climbed $20 to $909.
