Mixed close as parts of travel ban allowed

The Supreme Court allowed the implementation of certain parts of President Donald Trump's travel ban before the court hears the case in October. The markets closed mixed with the Dow rising 14 points to 21,409. Nasdaq lost 18 points to 6,247.


On the upside


Needham & Co. lifted its price target on Fabrinet (NYSE: FN) from $56.00 to $60.00.


Apple (Nasdaq: AAPL) will lease six Lexus SUVs from Hertz Global (NYSE: HTZ) to test its autonomous car technology.


Fred's (Nasdaq: FRED) expanded its strategic relationship with Nielsen (NYSE: NLSN).


On the downside


BidaskClub downgraded Mobile TeleSystems (NYSE: MBT) from a Hold rating to a Sell rating.


Goldman Sachs downgraded Stratasys (Nasdaq: SSYS) from a Neutral rating to a Sell rating.

Ameriprise Financial increased its stake in Applied Optoelectronics (Nasdaq: AAOI) by 21.8% in the first quarter to 115,735 shares.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 6 to 5 on Nasdaq. The broader S&P 500 edged up a fraction to 2,439. Bitcoin plunged $135 to $2368.


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