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Lower close as Obamacare weakened

The markets closed lower with the Dow losing 31 points to 22,841 after President Donald Trump signed an executive order that weakened Obamacare. Nasdaq fell 12 points to 6,591.


On the upside


Shares of CarGurus (Nasdaq: CARG) surged in its market debut.


OrthoPediatrics (Nasdaq: KIDS) stock leaped on its first trading day.


Ardelyx (Nasdaq: ARDX) reported positive results from a Phase 3 study of tenapanor to treat irritable bowel syndrome with constipation.

On the downside


J.Jill (NYSE: JILL) slashed its third quarter earnings outlook prompting downgrades.


The Food and Drug Administration rejected AcelRx Pharmaceuticals' (Nasdaq: ACRX) acute pain treatment Dsuvia in its present form.

NanoString Technologies (Nasdaq: NSTG) reported preliminary third quarter revenue that missed previous guidance.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while decliners edged out advancers by more than 4 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 2,550. Bitcoin rocketed $518 to $5,312.


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