The markets opened modestly higher with the Dow rising 12 points to 23,370 as Senators mull over the GOP tax bill. Nasdaq added 7 points to 6,789.
On the upside
Marvell Technology (Nasdaq: MRVL) will acquire Cavium (Nasdaq: CAVM) for approximately $6 billion in cash and stock.
Dycom Industries (NYSE: DY) reported better than expected earnings for the first quarter.
Cosan (NYSE: CZZ) will repurchase up to $200 million of its common shares.
On the downside
Shares of Vipshop Holdings (NYSE: VIPS) fell ahead of its earnings release after market close.
Two Bioverativ (Nasdaq: BIVV) insiders sold company stock over the past quarter.
Investors locked in profits on NetEase (Nasdaq: NTES).
In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by 6 to 5 on Nasdaq. The broader S&P 500 edged up a point to 2,579. Bitcoin soared $190 to $8,210.