A surge in the nation's trade deficit weighed the markets down to a lower close with the Dow losing 29 points to 20,924. Nasdaq fell 15 points to 5,833.
On the upside
Brookfield Asset Management will pay $787 million in cash and assume approximately $455 million in debt to acquireTerraForm Global (Nasdaq: GLBL).
Fourth quarter earnings surged more than thirteen fold for Momo (Nasdaq: MOMO).
Sterling Bancorp (NYSE: STL) will acquire Astoria Financial (NYSE: AF) in an all stock transaction valued at approximately $2.2 billion.
On the downside
Akebia Therapeutics (Nasdaq: AKBA) widened losses for the fourth quarter.
As part of a patent litigation settlement agreement, Supernus Pharmaceuticals (Nasdaq: SUPN) will permit Zydus Pharmaceutical and Actives Laboratories to sell a generic versions of Supernus' Trokendi XR beginning January 1, 2023.
Perion Network (Nasdaq: PERI) reversed year ago losses to post a modest profit for the fourth quarter but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index fell 6 points to 2,368. Bitcoin tumbled $30 to $1,236.
