Lower close over potential rate hike

A potential rate hike weighed the markets down to a lower close with the Dow falling 53 points to 18,395. Nasdaq rose 6 points to 5,218.


On the upside


Analysts expect Adamis Pharmaceuticals's (Nasdaq: ADMP) generic pre-filled epinephrine syringe, EpiPen, will be approved soon.


Bottomline Technologies (Nasdaq: EPAY) narrowed fourth quarter losses more than expected and announced a $60 million stock repurchase program.


Fiesta Restaurant Group (Nasdaq: FRGI) chief executive Tim Taft will retire at the end of the year.


On the downside


Fourth quarter earnings and revenue fell short for Aceto (Nasdaq: ACET).


GameStop (NYSE: GME) disappointed with lower second quarter revenue that missed expectations.


Ferroglobe (Nasdaq: GSM) reported a loss for the second quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 3 points to 2,169. Bitcoin added $1 to $576.

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