The markets closed flat with the Dow rising 22 points to 16,982 despite news of corporate consolidations. Nasdaq slipped 4 points to 4444.
On the upside
TheStreet Ratings affirmed its Buy rating on EMC (NYSE: EMC).
UBS upgraded AbbVie (NYSE: ABBV) from a Neutral rating to a Buy rating.
Global Hunter upgraded Basic Energy Services (NYSE: BAS) from a Neutral rating to an Accumulate rating.
On the downside
Manhattan Bridge Capital (Nasdaq: LOAN) priced its public offering of more than 1.754 common shares at the discounted price of $2.85 per share.
SkyWest (Nasdaq: SKYW) warned that second quarter results would fall short of expectations.
TheStreet affirmed its Buy rating on Micron Technology (Nasdaq: MU) but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 held steady at 1978. Bitcoin lost $6 to $589.
