The markets opened higher with the Dow gaining 33 points to 22,031 ahead of the release of minutes from the Federal Reserve's July policy meeting. Nasdaq rose 15 points to 6,348.
On the upside
Urban Outfitters (Nasdaq: URBN) reported better than expected sales and revenue for the second quarter.
First Manhattan acquired shares of Freeport-McMoRan (NYSE: FCX).
Cliffs Natural Resources (NYSE: CLF) has changed its name back to Cleveland-Cliffs.
On the downside
Jefferies downgraded Chicago Bridge & Iron (NYSE: CBI) from a Buy rating to a Hold rating and slashed its price target from $35 to $12.
Investors locked in profits on Hertz Global (NYSE: HTZ).
Viavi Solutions (Nasdaq: VIAV) reported sharply revenue for the fourth quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 2,468. Bitcoin lost $6 to $4121.