Financial News

Flat open as tech stocks retreat

The markets opened flat with the Dow adding 13 points to 25,308 as technology stock retreated. Nasdaq eased a point to 7135.


On the upside


LightInTheBox Holding (NYSE: LITB) will begin accepting bitcoin.


Alder Biopharmaceuticals (Nasdaq: ALDR) reported positive results from a Phase 3 PROMISE 2 clinical trial of eptinezumab.


Seagate Technology (Nasdaq: STX) invested in Ripple Labs.


On the downside


Axovant Sciences (Nasdaq: AXON) reported disappointing results from a Phase 2b HEADWAY and a pilot Phase 2 Gait and Balance study of intepirdine.


GoPro (Nasdaq: GPRO) will eliminate 20% of its positions and exit the drone business.


Dave & Buster's Entertainment (Nasdaq: PLAY) cut its full year forecast.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,742. Bitcoin plunged $1714 to $14,725.


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