Dow Jones home improvement retailer Home Depot announced the largest acquisition in company history to target the professional builder market.
The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite slipped 0.1%. Treasury yields inched higher in the bond market following several reports on the economy. The Nasdaq composite fell 20.06 points, or 0.1%, to 16,379.46.
Bristol Myers Squibb said on Thursday its experimental drug to treat Crohn's disease, a chronic inflammatory bowel condition, failed to meet the main goal in a late-stage study. Crohn's disease, which results in the swelling or inflammation of the intestines, affects over one million people in the U.S., according to government data. Bristol Myers said it will evaluate the trial data and work with investigators to share the results with the scientific community.
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