Concerns that China's economy has slowed weighed the markets down to a lower open with the Dow slipping 15 points to 17,264. Nasdaq fell 20 points to 4,559.
On the upside
ChinaNet Online (Nasdaq: CNET) won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference in Beijing.
Merck will pay a premium of approximately $17 billion in cash to buy Sigma-Aldrich (Nasdaq: SIAL).
SeeThruEquity lifted its price target on Net Element (Nasdaq: NETE) from $3.47 to $5.17 per share.
On the downside
Shares of ITT Educational Services (NYSE: ESI) extended its losses.
Carbo Ceramics (NYSE: CRR) warned of lower third quarter ceramic proppant sales as potential clients switched to sand.
Robert W. Baird downgraded InvenSense (NYSE: INVN) from an Outperform rating to a Neutral rating.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 lost 5 points to 2004. Bitcoin added $6 to $394.
Chinese economic concerns weigh down markets
September 22, 2014 at 10:42 AM EDT