First time applications for unemployment benefits rose to weigh the markets down to a lower open with the Dow falling 61 point to 18,411. Nasdaq slipped 2 points to 5,137.
On the upside
Groupon (Nasdaq: GRPN) reported a smaller than expected loss for the second quarter and lifted its full year revenue forecast.
Oracle (Nasdaq: ORCL) will pay a premium of approximately $9.3 billion to acquire NetSuite (NYSE: N).
Facebook (Nasdaq: FB) impressed with sharply higher second quarter earnings and revenue that surpassed analyst expectations by a wide margin.
On the downside
Infinera (Nasdaq: INFN) reported lower second quarter earnings and warned of softening demand.
Blucora (Nasdaq: BCOR) fell to a loss for the second quarter.
GNC Holdings (NYSE: GNC) reported lower second quarter earnings and revenue and announced the departure of chief executive officer Michael G. Archbold.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 4 points to 2,161. Bitcoin slipped $1 to $651.
