The markets opened mixed with the Dow losing 23 points to 16,699 while Nasdaq added 3 points to 4,237 as the nation's private employers hired fewer than expected workers in May.
On the upside
Dai-ichi Life Insurance will pay a premium of approximately $5.7 billion to acquire Protective Life (NYSE: PL).
NQ Mobile (NYSE: NQ) reported that an independent investigation concluded that the company did not engage in fraudulent conduct alleged by Muddy Waters.
DragonWave (Nasdaq: DRWI) raised its first quarter revenue guidance.
On the downside
TIBCO Software (Nasdaq: TIBX) warned that second quarter revenue would fall short of expectations prompting downgrades.
FuelCell Energy (Nasdaq: FCEL) widened second quarter losses more than expected.
Shares of Yingli (NYSE: YGE), Trina Solar (NYSE: TSL) and Canadian Solar (Nasdaq: CSIQ) all fell after the Commerce Department announced plans to increases tariffs on Chinese solar panels.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 eased a fraction to 1923. Bitcoin slips $15.19 or 2.35% to $646.66.
