Flat close as Shanghai-Hong Kong Stock Connect unveiled

The markets recovered earlier losses to close near the flatline with the Dow adding a point to 17,614 after the Shanghai Stock Exchange introduced the new Shanghai-Hong Kong Stock Connect Program for foreign investors. Nasdaq rose 8 points to 4,660.

On the upside

Pernix Therapeutics (Nasdaq: PTX) extended its gains.

Third quarter earnings more than doubled for Fairmount Santrol (NYSE: FMSA) as revenue soared.

Plains GP (NYSE: PAGP) priced its secondary offering of 60 million common shares at $25 per share.

On the downside

Wayfair (NYSE: W) widened third quarter losses even as revenue climbed.

Third quarter earnings fell for Cheetah Mobile (NYSE: CMCM).

Roth Capital downgraded Planar Systems (Nasdaq: PLNR) from a Buy rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2039. Bitcoin slipped $1 to $366.