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Mixed close as new home sales drop

It was mixed close for the markets with the Dow soaring 140 points to 26,392 despite upbeat earnings as new home sales fell while first time applications for unemployment benefits rose. Nasdaq slipped 3 points to 7411.


On the upside


Shares of Menlo Therapeutics (Nasdaq: MNLO) surged on its first trading day.


Iovance Biotherapeutics (Nasdaq: IOVA) stock soared in its market debut.


BGI will purchase an additional 10 Sequel Systems from Pacific Biosciences of California (Nasdaq: PACB).

On the downside


ConforMIS (Nasdaq: CFMS) priced its public offering of more than 13.3 million common shares at the discounted price of $1.50 per share.


Horizon Global (NYSE: HZN) cut its full year forecast and warned of losses.


Spruce Point Capital wrote that Ballard Power Systems (Nasdaq: BLDP) could potentially drop 35-70%.


In the broad market, declining issues outpaced advancers by a margin of 6 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added a point to 2,839. Bitcoin rose $61 to $11,172.


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