The markets opened lower with the Dow slipping 19 points to 20,392 over expectations that the Federal Reserve will increase interest rates at its next meeting. Nasdaq lost 11 points to 5,752.
On the upside
Hologic (Nasdaq: HOLX) will pay a premium of approximately $1.65 billion in cash to acquire Cynosure (Nasdaq: CYNO).
ZAIS Group Holdings (Nasdaq: ZAIS) chair and chief investment officer acquired a 7.5% stake in the company.
Navios Maritime Partners (NYSE: NMM) reported a smaller than expected loss for the fourth quarter.
On the downside
Gevo (Nasdaq: GEVO) priced its public offering of stocks and warrants at a discount.
Uni-Pixel (Nasdaq: UNXL) announced a public offering of common stock and warrants.
Hibbett Sports (Nasdaq: HIBB) reported preliminary fourth quarter results that fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index lost 5 points to 2,323. Bitcoin gained $9 to $1,000.
