The markets opened lower with the Dow losing 48 points to 18,344 as crude oil prices slipped. Nasdaq fell 20 points to 5,318.
On the upside
CNBC reported that Twitter (NYSE: TWTR) may soon be acquired.
Endo International (Nasdaq: ENDP) named Paul V. Campanelli to the position of president and chief executive officer.
Bloomberg News reported that Cisco Systems (Nasdaq: CSCO) and IBM (NYSE: IBM) were both interested in acquiring Imperva (NYSE: IMPV).
On the downside
Enphase Energy (Nasdaq: ENPH) priced its public offering of 13 million shares of common stock at the discounted price of $1.20 per share.
Profit taking weighed down shares of Tokai Pharmaceuticals (Nasdaq: TKAI).
Houghton Mifflin Harcourt (Nasdaq: HMHC) chief executive Linda K. Zecher resigned.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 fell 7 points to 2,169. Bitcoin added $2 to $598.
