The markets opened lower with the Dow slipping 22 points to 16,522 as investors await earnings news. Nasdaq fell 18 points to 4,257.
On the upside
CSX (NYSE: CSX) rejected Canadian Pacific Railway's offer to merge the two companies.
Targa Resources will buy Atlas Energy (NYSE: ATLS) and Atlas Pipeline Partners in a deal valued at approximately $6 billion including the assumption of debt.
Alnylam Pharmaceuticals (Nasdaq: ALNY) reported positive six-month clinical data from an ongoing Phase 2 study of patisiran to treat transthyretin mediated amyoidosis in patients with familial amyloidotic polyneuropathy.
On the downside
DryShips (Nasdaq: DRYS) withdrew its $700 million senior secured notes offering prompting a downgrade.
Shares of GoPro (Nasdaq: GPRO) continued falling.
Himax Technologies (Nasdaq: HIMX) extended its losses.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 eased a point to 1904. Bitcoin rose $5 to $382.
Lower open ahead of earnings
October 13, 2014 at 10:44 AM EDT