The markets opened mixed with the Dow losing 11 points to 18,856 as mortgage rates climbed. Nasdaq gained 10 points to 5,304.
On the upside
Shares of Diana Containerships (Nasdaq: DCIX) and Sino-Global Shipping (Nasdaq: SINO) surged again.
Rand Logistics (Nasdaq: RLOG) more than doubled as the stock finally joined the shipping sector rally.
Western Refining (NYSE: WNR) will be acquired by Tesoro (NYSE: TSO) in a stock transaction valued at approximately $6.4 billion including the assumption of debt.
On the downside
Invitae (NYSE: NVTA) priced its public offering of approximately 7.33 million common shares at the discounted price of $6.00 per share.
First quarter earnings slipped for Cisco (Nasdaq: CSCO) and the company forecast current quarter results below estimates.
Investors locked in profits on Euroseas (Nasdaq: ESEA).
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 4 points to 2,181. Bitcoin climbed $4 to $736.