The markets opened higher with the Dow gaining 64 points to 21,299 as energy costs tumbled in May. Nasdaq climbed 37 points to 6,212.
On the upside
WPX Energy (NYSE: WPX) formed a joint venture with Howard Energy Partners to develop crude oil and natural gas gathering and processing infrastructure in the core of the Delaware Basin.
Commercial Metals (NYSE: CMC) will exit its International Marketing and Distribution Segment by selling its CMC Cometals division.
Macquarie Research affirmed its Outperform rating on Micron Technology (Nasdaq: MU).
On the downside
Cheesecake Factory (Nasdaq: CAKE) cut its second quarter guidance.
pSivida (Nasdaq: PSDV) reported positive results from its second Phase 3 trial of Durasert three year treatment for posterior segment uveitis but the stock price fell.
Shares of Pandora Media (NYSE: P) extended its losses.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 7 points to 2,436. Bitcoin climbed $69 to $2716.