Mixed close after tariff exemption decision was postponed

The markets closed mixed with the Dow falling 64 points to 24,099 after a decision on a tariff exemption for the European Union was postponed. Nasdaq climbed 64 points to 7130.

On the upside

Intelsat (NYSE: I) reported higher first quarter revenue that topped estimates.

Nutrisystem (Nasdaq: NTRI) reported better than expected earnings and revenue for the first quarter.

First quarter revenue for Quantenna Communications (Nasdaq: QTNA) rose to beat expectations.

On the downside

Intevac (Nasdaq: IVAC) fell to a loss for the first quarter as revenue plunged.

Shares of Match Group (Nasdaq: MTCH) and IAC/InterActive (NYSE: IAC) plunged after Facebook (Nasdaq: FB) announced plans to add a new dating feature.

Lumber Liquidators (NYSE: LL) reported a wider than expected loss for the first quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 rose 6 points to 2,654. Bitcoin plummeted $239 to $8,984.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.