The markets closed mixed with the Dow falling 27 points to 18,404 as June construction spending slipped 0.6%. Nasdaq gained 22 points to 5,184.
On the upside
Trina Solar (Nasdaq: TSL) will be taken private by a consortium in a deal valued at approximately $1.1 billion.
Citigroup initiated coverage of Etsy (Nasdaq: ETSY) with a Buy rating and a price target of $14.
MeetMe (Nasdaq: MEET) reported higher second quarter earnings and revenue that beat analyst expectations.
On the downside
Shares of Hutchinson Technology (Nasdaq: HTCH) fell for the fourth day.
Inotek Pharmaceuticals (Nasdaq: ITEK) will offer $50 million in convertible senior notes.
Second quarter revenue for Insperity (NYSE: NSP) fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 2,170. Bitcoin dropped $12 to $614.
