Financial News

Mixed close in aftermath of Comey firing

The markets recovered earlier losses to close mixed with the Dow losing 32 points to 20,943 as investors assessed the impact of the unexpected firing of FBI director James Comey. Nasdaq rose 8 points to 6,129.

On the upside

Shares of MannKind (Nasdaq: MNKD) climbed ahead of its first quarter earnings release after market close today.

INC Research (Nasdaq: INCR) reported higher first quarter earnings and revenue that topped analyst expectations and lifted its full year forecast. The company also announced plans to merge with inVentiv Health in an all stock transaction

The Food and Drug Administration granted Breakthrough Therapy designation to Proteon Therapeutics (Nasdaq: PRTO) for its investigational drug vonapanitase. The company also narrowed first quarter losses more than expected.

On the downside

Aurelius Value alleged that Pingtan Marine Enterprise (Nasdaq: PME) has engaged in fraudulent and illegal activities.

Vitamin Shoppe (NYSE: VSI) disappointed with lower first quarter earnings that missed expectations.

Aqua Metals (Nasdaq: AQMS) widened losses for the first quarter.

The broader S&P 500 added 2 points to 2,399. Bitcoin surged $55 to $1719.

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