Lower open as crude oil prices slip

The markets opened lower with the Dow losing 19 points to 18,056 as crude oil prices retreated. Nasdaq slipped 5 points to 5,094.

On the upside

AVEO Oncology (Nasdaq: AVEO) received written support from the Rapporteur and co-Rapporteur for the filing of a Marketing Authorization Application for tivozanib in Europe.

Opko Health (NYSE: OPK) will acquire Bio-Reference Laboratories (Nasdaq: BRLI) in an all stock deal valued at approximately $1.5 billion.

Five Below (Nasdaq: FIVE) reported higher first quarter earnings and revenue that beat analyst expectations.

On the downside

Investors locked in profits on Voltari (Nasdaq: VLTC).

China Finance Online (Nasdaq: JRJC) extended it losses.

VWR (Nasdaq: VWR) priced its public offering of 16 million common shares at the discounted price of $26.25 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 slipped a point to 2112. Bitcoin held steady at $226.
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