Energy sector weighs down Dow

The energy sector weighed down the Dow to a lower close with the blue chip index losing 25 points to 17,111. Nasdaq rose 9 points to 4,592.

On the upside

Giga-tronics (Nasdaq: GIGA) shareholders approved all proposals at the annual shareholders meeting on September 3, 2014.

BioDelivery Sciences International (Nasdaq: BDSI) president and chief executive officer Mark A. Sirgo increased his stake in the company by purchasing 2,000 shares of common stock last week.

Jefferies upgraded Infinera (Nasdaq: INFN) from a Hold rating to a Buy rating.

On the downside

Bloomberg wrote that Halcon Resources (NYSE: HK) has accumulated an enormous debt of nearly $3.2 billion exploring for oil reserves in shale.

AK Steel (NYSE: AKS) will offer 35 million shares of common stock and $430 million worth of senior notes.

Barron's reported that Petroleo Brasileiro Petrobas (NYSE: PBR) allegedly bribed government officials.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE while advancers edged out decliners by 5 to 4 on Nasdaq. The broader S&P 500 lost 6 points to 2001. Bitcoin fell $9 to $470.
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