Jobless claims fall but markets open lower

First time applications for unemployment benefits fell last week but the markets opened lower with the Dow losing 29 points to 16,223 over rate hike concerns. Nasdaq slipped 2 points to 4,754.

On the upside

Ericsson (Nasdaq: ERIC) will pay a premium of approximately $125 million in cash to acquire Envivio (Nasdaq: ENVI).

Con-way (NYSE: CNW) will be acquired by XPO (NYSE: XPO) in a transaction valued at approximately $3.0 billion including the assumption of debt.

Orexigen Therapeutics (Nasdaq: OREX) sold $60 million worth of common stock and warrants to The Baupost Group.

On the downside

Lululemon Athletica (Nasdaq: LULU) reported higher second quarter earnings and revenue but the company forecast current quarter results below estimates.

Krispy Kreme Doughnuts (NYSE: KKD) disappointed with second quarter earnings and revenue that fell short of expectations and forecast full year earnings below estimates.

American Midstream Partners (NYSE: AMID) priced its public offering of 7.5 million common units at the discounted price of $11.31 per common unit.

In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by 9 to 7 on Nasdaq. The broader S&P 500 slipped 2 points to 1,939. Bitcoin added $2 to $239.