Mixed close as Fed trims bond program

The markets closed mixed with the Dow slipping 31 points to 16,880 as the Federal Reserve lowered its bond buying program. Nasdaq gained 20 points to 4462.

On the upside

Shares of Westlake Chemical Partners (NYSE: WLKP) surged on its first trading day.

XPO Logistics (NYSE: XPO) will acquire New Breed Holding Co. for approximately $615 million. The transportation services company also narrowed second quarter losses more than expected and lifted its full year forecast.

Rubicon Project (NYSE: RUBI) widened losses for the second quarter but the results exceeded analyst expectations by a wide margin.

On the downside

Multimedia Games (Nasdaq: MGAM) reported lower third quarter earnings that fell short of analyst expectations.

Second quarter earnings plunged for Big 5 Sporting Goods (Nasdaq: BGFV) as revenue fell.

Sturm, Ruger & Co. (NYSE: RGR) disappointed with lower second quarter earnings and revenue that missed expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 edged up a fraction to 1970. Bitcoin dropped $19 to $560.

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