The markets closed higher with the Dow gaining 62 points to 21,349 as crude oil prices rose. Nasdaq slipped 3 points to 6,140.
On the upside
Canada Pension Plan Investment Board will pay premium of approximately $1.2 billion to acquire Parkway (NYSE: PKY).
West Marine (Nasdaq: WMAR) will be acquired by Monomoy Capital Partners for a premium of approximately $338 million in cash.
Bargain hunters lifted shares of Chemours (NYSE: CC).
On the downside
Bank of America/Merrill Lynch downgraded California Resources (NYSE: CRC) from a Neutral rating to an Underperform rating.
Investors locked in profits on Chicago Bridge & Iron (NYSE: CBI).
Shares of Blue Apron (NYSE: APRN) fell on its second day of trading.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added 3 points to 2,423. Bitcoin dropped $39 to $2485.
