Retreating crude oil prices weighed the markets down to a lower open with the Dow falling 34 points to 18,419. Nasdaq lost 7 points to 5,215.
On the upside
Sino-Global Shipping America (Nasdaq: SINO) will develop a mobile app that will provide a full-service logistics platform between the US and China to short-haul trucking in the US.
Veeva Systems (NYSE: VEEV) reported better than expected second quarter earnings and revenue.
Interactive Intelligence (Nasdaq: ININ) will be acquired by Genesys in a deal valued at approximately $1.4 billion.
On the downside
H&R Block (NYSE: HRB) widened first quarter losses more than expected.
Investors locked in profits on Rigel Pharmaceuticals (Nasdaq: RIGL).
Palo Alto Networks (NYSE: PANW) widened losses for the fourth quarter and forecast current quarter revenue below estimate.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 fell 4 points to 2,171. Bitcoin lost $4 to $573.
