The markets opened lower with the Dow losing 14 points to 18,528 as investors monitor earnings. Nasdaq fell 13 points to 5,208.
On the upside
South African furniture retailer Steinhoff International Holdings will pay a premium of approximately $2.4 billion to acquire Mattress Firm Holding (Nasdaq: MFRM).
Image Sensing Systems (Nasdaq: ISNS) reported higher second quarter earnings and revenue.
ZergWatch identified Heat Biologics (Nasdaq: HTBX) as a hot pharmaceutical.
On the downside
Second quarter earnings fell short of expectations for Dean Foods (NYSE: DF).
Credit Suisse downgraded Bristol-Myers Squibb (NYSE: BMY) from an Outperform rating to a Neutral rating and slashed its price target from $86 to $63.
Investors continued to lock in profits on SAExploration Holdings (Nasdaq: SAEX).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 2 points to 2,180. Bitcoin edged up to $589.
