An unexpected increase in first time applications for unemployment benefits sent the markets down to a lower open with the Dow falling 78 points to 18,084. Nasdaq lost 22 points to 5,084.
On the upside
One Horizon's (Nasdaq: OHGI) Aishuo now supports all major Chinese mobile payment platforms.
CA Technologies (Nasdaq: CA) will pay a premium of approximately $480 million to acquire Rally Software (NYSE: RALY).
An abstract at the 2015 Annual American Society of Clinical Oncology Meeting will highlight Biocept's (Nasdaq: BIOC) liquid biopsy diagnostic.
On the downside
Neostem (Nasdaq: NBS) priced its public offering of 12.5 million common shares at the discounted price of $2.00 per share.
E-Commerce China Dangdang (NYSE: DANG) fell to a loss for the first quarter.
SandRidge Energy (NYSE: SD) announced a private offering of $1.0 billion in senior secured notes.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 5 points to 2118. Bitcoin added $1 to $237.
Lower open as jobless claims unexpectedly climb
May 28, 2015 at 10:42 AM EDT