Financial News

Lower close as investors shed technology stocks

Investors continued to shed technology stocks sending the markets down to a lower close with the Dow slipping 9 points to 23,848. Nasdaq tumbled 59 points to 6949.


On the upside


Shares of Homology Medicines (Nasdaq: FIXX) surged in its market debut.


RH (NYSE: RH) reported stronger than expected earnings for the fourth quarter.


Sears Holdings' (Nasdaq: SHLD) Shop Your Way unit partnered with GasBuddy to offer members savings on gasoline.

On the downside


Invitae (NYSE: NVTA) priced its public offering of more than 11 million common shares at the discounted price of $4.50 per share.


Edge Therapeutics (Nasdaq: EDGE) reported disappointing interim results from a Phase 3 NEWTON 2 study of EG-1962 in adults with aneurysmal subarachnoid hemorrhage.


Shares of Geron (Nasdaq: GERN) fell for the third day in a row.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 5 to 4 on Nasdaq. The broader S&P 500 lost 7 points to 2,605. Bitcoin tumbled $132 to $7,875.


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