The markets opened flat with the Dow easing a point to 20,948 despite a drop in jobless claims as investors mull the impact of the rate increase. Nasdaq held steady at 5,900.
On the upside
GoPro (Nasdaq: GPRO) will eliminate approximately 270 jobs in order to cut expenses and expects first quarter revenue to be near the high end of its guidance.
Top Ships (Nasdaq: TOPS) narrowed losses for fiscal 2016 significantly as revenue more than doubled.
Bargain hunters lifted shares of Adeptus Health (NYSE: ADPT).
On the downside
Guess? (NYSE: GES) reported sharply lower fourth quarter earnings that missed expectations.
Interpid Potash (NYSE: IPI) priced its public offering of more than 43.5 million common shares.
First quarter earnings for Pantheon (NYSE: PTHN) fell short of expectations and the company lowered its full year forecast.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index eased a point to 2,383. Bitcoin tumbled $21 to $1,220.
