A gain in first time applications for unemployment benefits weighed the markets down to a lower open with the Dow losing 34 points to 22,306. Nasdaq fell 16 points to 6,437.
On the upside
BlackBerry (Nasdaq: BBRY) reported an unexpected profit for the second quarter.
AbbVie (NYSE: ABBV) settled patent disputes with Amgen (Nasdaq: AMGN) by granting a non-exclusive license to Amgen for intellectual property relating to Abbie's HUMIRA.
Cloudera (NYSE: CLDR) announced that more enterprises across an array of sectors are turning to Cloudera Enterprise Data Hub to power their Internet of Things journey.
On the downside
Shares of DexCom (Nasdaq: DXCM), which makes a traditional glucose monitoring device that requires a fingertip pin prick, plunged after the FDA approved Abbott Laboratories' (NYSE: ABT) device that does not require a finger prick.
Rite Aid (NYSE: RAD) reported lower revenue for the second quarter as same store sales fell.
Autohome (NYSE: ATHM) announced the resignation of president Yan Kang and chief financial officer Julian Jiun-lang Wang.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 slipped 4 points to 2,503. Bitcoin tumbled $53 to $4,146.
