A delay to formal Greek bailout discussions weighed the markets down to a lower open with the Dow falling 46 points to 17,685. Nasdaq lost 11 points to 5,135.
On the upside
Amazon (Nasdaq: AMZN) swung to an unexpected profit for the second quarter as revenue rose and forecast current quarter revenue ahead of estimates.
Pandora Media (NYSE: P) reported a smaller than expected loss for the second quarter as revenue rose and the company forecast current quarter and full year revenue above expectations.
Mieji Yasuda Life Insurance will pay a premium of approximately $5 billion to acquire StanCorp Financial (NYSE: SFG).
On the downside
The Food and Drug Administration will not support a New Drug Application for Sunesis Pharmaceuticals' (Nasdaq: SNSS) vosaroxin to treat acute myeloid leukemia.
Spectranetics (Nasdaq: SPNC) widened losses for the second quarter and lowered its full year revenue forecast.
TrueCar (Nasdaq: TRUE) warned of losses for the second quarter and cut its full year revenue outlook prompting downgrades.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2095. Bitcoin rose $6 to $281.
Lower open as Greek talks delayed
July 24, 2015 at 10:46 AM EDT