Flat close as crude oil retreats

The markets closed flat with the Dow slipping 2 points to 20,979 as crude oil prices retreated. Nasdaq gained 20 points to 6,169.


On the upside


TPG Capital acquired a 4.3% stake in ETSY (Nasdaq: ETSY) while Dragoneer Investment Group disclosed a 3.7% stake. The two activist investors urged the online marketplace to explore strategic alternatives


Akebia Therapeutics (Nasdaq: AKBA) and Vifor Pharma Group entered an exclusive license agreement to sell vadadustat to Fresenius Medical Care dialysis clinics in the United States upon FDA approval.


Shares of Advanced Micro Devices (Nasdaq: AMD) rose ahead of its analyst meeting today.


On the downside


Virtusa (Nasdaq: VRTU) reported lower fourth quarter earnings that fell short of expectations.


Pernix Therapeutics (Nasdaq: PTX) widened first quarter losses as revenue fell.

NantKwest (Nasdaq: NK) appointed Leonard S. Sender, MD to the position of senior vice president of Medical Affairs for Pediatric, Adolescent and Young Adult Oncology.


The broader S&P 500 eased a point to 2,400. Bitcoin gained $9 to $1710.


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