Market Wrap: Initial Claims Rose Less than Expected; Merger Thursday; Planet Fitness IPO Ends Flat - InvestingChannel

Market Wrap: Initial Claims Rose Less than Expected; Merger Thursday; Planet Fitness IPO Ends Flat

Market wrap for August 6th

End of the Day: S&P 500 down 16.3 to 2,083.56; Dow Jones down 120.7 to 17,419.75; Nasdaq down 83.5 to 5,056.44

Market Brief: Market ended lower Thursday as media names like Viacom and Disney see post-earnings pressure.

Initial claims rose less than expected last week.

Tesla Motors sank lower Thursday following its Wednesday night Q2 report as it trimmed FY15 delivery expectations. For more color on that, click here. Tech partner Mobileye also had a pressured trading session amid beating Q2 consensus estimates on the top- and bottom-line.

Crude slipped 1.1 percent