Strong jobs growth lifted the markets to a higher open with the Dow rising 21 points to 17,906. Nasdaq slipped 3 points to 4,761.
On the upside
Harris will acquire Exelis (NYSE: XLS) in a cash and stock deal valued at approximately $4.75 billion.
Twitter (NYSE: TWTR) impressed with higher fourth quarter earnings and revenue that beat analyst expectations.
Fourth quarter earnings fell for ON Semiconductor (Nasdaq: ONNN) but the results were better than expected.
On the downside
Pandora Media (NYSE: P) reported higher fourth quarter earnings and revenue but the results fell short of expectations prompting a downgrade.
Yelp (NYSE: YELP) swung to a profit for the fourth quarter but user growth slowed prompting a downgrade.
GoPro (Nasdaq: GPRO) reported higher fourth quarter earnings and revenue but the company announced the resignation of chief operating officer Nina Richardson.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2065. Bitcoin rose $4 to $221.
Higher open on strong jobs growth
February 06, 2015 at 09:43 AM EST