The markets closed mixed with the Dow dropping 86 points to 17,787 as strong economic data raised concerns that the Federal Reserve would raise interest rates. Nasdaq rose 14 points to 4,948.
On the upside
TheStreet listed Genocea Biosciences (Nasdaq: GNCA) as one of six breakout stock under $10 poised to soar.
Team (NYSE: TISI) will replace Helen of Troy (Nasdaq: HELE) on the S&P SmallCap 600 after market close today.
Zacks Equity Research wrote that Chesapeake Energy (NYSE: CHK) was on track to lower its long term debt.
On the downside
Rumors circulated that Thoma Bravo would make an offer to acquire Qlik Technologies (NYSE: QLIK) between $28 to $30 per share.
Sixteen hedge funds sold their holdings in Qunar Cayman Islands (Nasdaq: QUNR) in the first quarter.
Brazilian police are pursuing tax fraud charges against Banco Bradesco (NYSE: BBD) chief executive Luiz Carlos Trabuco.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advances were on par with decliners on Nasdaq. The broader S&P 500 slipped 2 points to 2,096. Bitcoin lost $6 to $518.
Mixed close over rate hike concerns
May 31, 2016 at 17:34 PM EDT