Standard & Poor’s upgraded the credit outlook of the U. S. but the markets closed mixed with the Dow slipping 9 points to 15,238. Nasdaq added 4 points to 3473.
On the upside
Kandi Technologies (Nasdaq: KNDI) soared following last week’s approval of the company’s JL7001BEV all electric sedan by China’s Ministry of Industry and Information Technology.
Canadian Solar (Nasdaq: CSIQ) will build a power plant for Grand Renewable Solar for $304.2 million.
KapStone Paper and Packaging (NYSE: KS) will pay approximately $1.03 billion in cash to acquire Longview Fibre Paper and Packaging.
On the downside
Atlas Resource Partners (NYSE: ARP) will offer 12.25 million common units to finance a $733 million deal to acquire natural gas reserves from EP Energy.
Profit taking sank shares of GameStop (NYSE: GME).
Just Energy Group’s (NYSE: JE) JustGreen Lifestyle brand partnered with Canadian Wildlife Federation to help end global warming.
In the broad market, declining issues edged out advancers by a margin of more than 5 to 4 on the NYSE while advancers outpaced decliners by more than 5 to 3 on Nasdaq. The broader S&P 500 index held eased a fraction to 1642.
