The markets opened flat with the Dow adding 2 points to 18,576 as the possibility of an interest rate hike increased. Nasdaq rose 7 points to 5,235.
On the upside
GlobalWafers will acquire SunEdison Semiconductor (Nasdaq: SEMI) in an all cash deal valued at approximately $683 million including the assumption of debt.
Tudor Pickering upgraded Cobalt International Energy (NYSE: CIE) from a Hold rating to a Buy rating.
JPMorgan upgraded NetApp (Nasdaq: NTAP) from an Underweight rating to a Neutral rating.
On the downside
The Food and Drug Administration issued a Complete Response Letter to Portola Pharmaceuticals (Nasdaq: PTLA) for AndexXa.
58.com (NYSE: WUBA) swung to a profit for the second quarter but profit margins slipped.
Cerulean Pharma (Nasdaq: CERU) reported disappointing results from a Phase 2 study of CRLX101.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 2,182. Bitcoin added $2 to $572.
