The markets opened higher with the Dow holding steady at 21,467 as crude oil prices recovered. Nasdaq leaped 40 points to 6,228.
On the upside
Red Hat (NYSE: RHT) reported higher first quarter earnings and revenue that topped analyst estimates and lifted its forecast prompting an upgrade.
Bloomberg reported that BMC Software was exploring a possible acquisition of CA (Nasdaq: CA).
An independent radiology review committee confirmed positive results of Exelixis' (NYSE: EXEL) Cabometyx to treat intermediate or poor risk advanced renal cell carcinoma.
On the downside
Macquarie cut its price target on Chicago Bridge & Iron (NYSE: CBI) from $11.50 to $10.00.
Sangamo Therapeutics (Nasdaq: SGMO) priced its public offering of 10 million common shares at the discounted price of $7.25 per share.
Dick's Sporting Goods (NYSE: DKS) will open a technology center in San Diego.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,439. Bitcoin tumbled $50 to $2683.