First time applications for unemployment benefits fell more than expected but the markets opened lower with the Dow falling 51 points to 17,551. Nasdaq edged up to 5,046.
On the upside
SunEdison (NYSE: SUNE) engaged in discussions to secure a new $650 million credit facility.
Patriot National (NYSE: PN) will repurchase approximately 1.67 million common shares that were issued on December 16, 2015.
Rising gold prices lifted shares of Yamana Gold (NYSE: AUY).
On the downside
Profit taking weighed down shares of Oasis Petroleum (NYSE: OAS).
Investors locked in profits on Whiting Petroleum (NYSE: WLL).
Nike (NYSE: NKE) completed its 2-for-1 stock split.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,061. Bitcoin gained $11 to $453.
