Mixed close as consumer confidence climbs

The markets closed mixed with the Dow gaining 47 points to 16,049 as an unexpectedly strong increase in consumer confidence tempered concerns of a global economic slowdown. Nasdaq dropped 26 points to 4,517.

On the upside

Nassau Reinsurance Group Holdings will pay a premium of approximately $217.2 million in cash to acquire The Phoenix Companies (NYSE: PNX).

Intersect ENT (Nasdaq: XENT) submitted a request to the Food and Drug Administration to expand the indication of the PROPEL mini steroid releasing sinus implant to treat patients undergoing frontal sinus surgery.

Bargain hunters lifted shares of Arch Coal (NYSE: ACI).

On the downside

Novavax (Nasdaq: NVAX) reported positive results from a Phase 2 clinical trial of its RSV F-protein recombinant nano particle vaccine candidate but the stock price fell.

Shares of Advaxis (Nasdaq: ADXS) extended its losses.

Kinder Morgan (NYSE: KMI) subsidiary Tennessee Gas Pipeline entered agreements to supply gas to Northeast and New England markets but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 1,884. Bitcoin eased a fraction to $236.
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