It was a mixed close for the markets with the Dow slipping 19 points to 18,473 while Nasdaq rose 12 points to 5,110 as investors digested earnings news.
On the upside
Shares of Clean Diesel Technologies (Nasdaq: CDTI) rebounded after beginning to trade yesterday on a 1-for-5 reverse stock split basis.
Analog Devices will pay approximately $14.8 billion in cash and stock to acquire Linear Technology (Nasdaq: LLTC).
Allegheny Technologies (NYSE: ATI) reported a smaller than expected loss for the second quarter.
On the downside
Cardiome Pharma (Nasdaq: CRME) priced its public offering of 10 million common shares at the discounted price of $3.00 per share.
Seadrill Partners (NYSE: SDLP) will slash its quarterly cash dividend.
Dr. Reddy's Laboratories (NYSE: RDY) disappointed with lower first quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 2,169. Bitcoin lost $3 to $648.
