Weak expansion of the services sector weighed the markets down to a lower open with the Dow losing 20 points to 18,471. Nasdaq added a point to 5,251.
On the upside
Danaher (NYSE: DHR) will acquire Cepheid (Nasdaq: CPHD) in an all cash deal valued at approximately $4 billion.
Volkswagen Truck & Bus acquired a 16.6% stake in Navistar International (NYSE: NAV).
CoLucid Pharmaceuticals (Nasdaq: CLCD) reported positive results from a Phase 3 study of lasmiditan to treat migraine headaches.
On the downside
Tonix Pharmaceuticals (Nasdaq: TNXP) reported disappointing results from a Phase 3 study of TNX-102 SL in patients with fibromyalgia and will discontinue its fibromyalgia program.
Marvell Technology (Nasdaq: MRVL) reported lower second quarter revenue that fell short of expectations and forecast current quarter earnings below estimates.
Shares of Hess (NYSE: HES) fell for the sixth day.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 lost 4 points to 2,175. Bitcoin added $1 to $605.
