The market opened mixed with the Dow rising 17 points to 20,793 as first time applications for unemployment benefits rose. Nasdaq fell 27 points to 5,833.
On the upside
A judge ruled that Actives Laboratories' generic version of Zohydro ER infringed on patents held by Pernix Therapeutics (Nasdaq: PTX).
Square (NYSE: SQ) narrowed fourth quarter losses more than expected.
Over 1,000 customers in February paid for and completed training on Nova Lifestyle's (Nasdaq: NVFY) Nova-Mart.
On the downside
L Brands (NYSE: LB) forecast 2017 earnings that fell short of analyst expectations.
Arris International (Nasdaq: ARRS) will pay approximately $800 million in cash to acquire Ruckus Wireless and ICX Switch from Brocade Communication Systems.
Ocean Rig (Nasdaq: ORIG) widened fourth quarter losses significantly as revenue plunged.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,360. Bitcoin soared $25 to $1,140.
