The markets opened higher with the Dow rising 24 points to 18,541 as Turkish president Recep Tayyip Erdogan restored order after an attempted military coup last week. Nasdaq gained 25 points to 5,055.
On the upside
Softbank will acquire ARM Holdings (Nasdaq: ARMH) for a premium of approximately $32 billion.
ParkerVision (Nasdaq: PRKR) entered a settlement and patent license agreement with Samsung Electronics.
Ballard Power Systems (Nasdaq: BLDP) entered a joint venture with Synergy in which Ballard will have exclusive rights to purchase fuel cell stacks and subcomponents to sell outside of China.
On the downside
Evoke Pharma (Nasdaq: EVOK) reported disappointing results from a Phase 3 study of its diabetic gastroparesis treatment.
Ferro (NYSE: FOE) will host a conference call on Thursday, July 28 to discuss financial results.
Piper Jaffray downgraded Stratasys (Nasdaq: SSYS) from an Overweight rating to a Neutral rating.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 2,165. Bitcoin lost $3 to $668.
