The markets opened flat with the Dow adding 9 points to 15,473 as June retail sales rose by a less than expected 0.4%. Nasdaq eased a point to 3598.
On the upside
AT&T (NYSE: T) will pay approximately $1.19 billion in cash to acquire Leap Wireless (Nasdaq: LEAP).
Sprint's (NYSE: S) new Unlimited Guarantee, My Way or My All-in plan became available on July 12 to new and existing customers.
Aston Capital formed the LightCap I Fund to finance LED product purchases and installation costs for Revolution Lighting and Technologies (Nasdaq: RVLT) customers.
On the downside
Venaxis (Nasdaq: APPY) reported that its CE Marked APPY1 test to identify appendicitis risk in patients passed the first of two futility tests but the stock price fell.
OCZ Technology (Nasdaq: OCZ) warned that first quarter revenue would fall far short of analyst expectations due to a shortage of NAND flash chips.
The Alberta Securities Commission revoked a cease trade order that was issued to Magnum Hunter (NYSE: MHR) on April 26, 2013 but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index held steady at 1680.
