An unexpected drop in construction spending weighed the markets down to a lower open with the Dow tumbling 73 points to 18,235. Nasdaq fell 20 points to 5,291.
On the upside
Janus Capital (NYSE: JNS) will merge in a $6 billion deal.
Bass Pro Shops will acquire Cabela (NYSE: CAB) in an all cash deal valued at approximately $5.5 billion.
Shares of Nutanix (Nasdaq: NTNX) continued climbing.
On the downside
The U.S. Supreme Court rejected an appeal by Taser International (Nasdaq: TASR) of a lower court ruling that police officers used excessive force on a mentally ill man who died after being stunned by a Taser.
Real Goods Solar (Nasdaq: RGSE) completed the conversion of preferred stock into common stock.
KBR (NYSE: KBR) cut its full year earnings outlook.
In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 8 points to 2,159. Bitcoin edged up to $609.
