Durable goods orders unexpectedly drop, markets open lower

An unexpected drop in durable goods orders weighed the markets down to a lower open with the Dow falling 43 points to 17,967. Nasdaq dropped 29 points to 4,965.

On the upside

Kraft Foods (Nasdaq: KRFT) will merge with Heinz to create one of the world's largest food and beverage companies with an annual revenue of $28 billion.

Lexmark (NYSE: LXK) will acquire Kofax (Nasdaq: KFX) in a deal valued at approximately $1 billion.

Vascular Biogenics (Nasdaq: VBLT) narrowed losses for the fourth quarter.

On the downside

Apollo Education Group (Nasdaq: APOL) fell to a loss for the second quarter as revenue dropped and enrollment declined.

EnLink Midstream Partners (NYSE: ENLK) priced its secondary offering of 22.8 million common units at the discounted price of $25.71 per unit.

Nationstar Mortgage (NYSE: NSM) priced its offering of 17.5 million common shares.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a fraction to 2090. Bitcoin slipped $2 to $245.
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