The markets closed mixed with the Dow slipping 5 points to 21,808 while Nasdaq gained 17 points to 6,283 as Tropical Storm Harvey continued to pummel Texas.
On the upside
Littelfuse (Nasdaq: LFUS) will acquire IXYS (Nasdaq: IXYS) in a cash and stock deal valued at approximately $750 million.
Four PetroChina refineries awarded contracts to Chicago Bridge & Iron (NYSE: CBI) for the license, engineering design and proprietary equipment supply for an alkylation unit at each site.
The acquisition of cancer treatment developer Kite Pharma (Nasdaq: KITE) lifted shares of Bellicum Pharmaceuticals (Nasdaq: BLCM) and Immunomedics (Nasdaq: IMMU).
On the downside
The devastation of Hurricane Harvey weighed down shares of Carrizo Oil & Gas (Nasdaq: CRZO).
Investors locked in profits on 58.com (NYSE: WUBA).
Profit taking weighed down shares of Pure Storage (NYSE: PSTG).
In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added a point to 2,444. Bitcoin lost $16 to $4,332.
