The markets opened lower with the Dow tumbling 94 points to 18,068 as crude oil prices slipped. Nasdaq eased a point to 5,240.
On the upside
British American Tobacco offered to buy the 58% of Reynolds American (NYSE: RAI) that it does not already own.
PayPal Holdings (Nasdaq: PYPL) reported higher third quarter earnings and revenue.
Alkermes (Nasdaq: AKS) reported positive results from a Phase 3 trial of its major depressive disorder treatment ALKS 5461.
On the downside
Skechers (NYSE: SKX) reported third quarter earnings and revenue that fell short of analyst expectations and forecast current quarter results below estimates.
Advanced Micro Devices (Nasdaq: AMD) widened losses for the third quarter.
Stone Energy (NYSE: SGY) entered a restructuring support agreement with senior note holders.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 lost 6 points to 2,134. Bitcoin added $2 to $630.
