The markets opened higher with the Dow rising 27 points to 17,078 as crude oil prices climbed. Nasdaq gained 19 points to 4,829.
On the upside
UTi Worldwide (Nasdaq: UTIW) will be acquired by DSV for a premium of approximately $1.35 billion.
Shares of Genie Energy (NYSE: GNE) continued rising.
Rising crude oil prices lifted shares of Energy XXI (Nasdaq: EXXI).
On the downside
LDR Holding (Nasdaq: LDRH) reported preliminary third quarter revenue that fell short of analyst expectations.
MKM Partners downgraded The Gap (NYSE: GPS) from a Buy rating to a Hold rating.
Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) extended its losses.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2,013. Bitcoin added $1 to $243.