The markets opened higher with the Dow rising 25 points to 12,187 despite an interest rate increase in China. Nasdaq added 3 points 2787.
On the upside
Conexant Systems (Nasdaq: CNXT) received an unsolicited all cash acquisition offer from Golden Gate Private Equity that topped an earlier bid by Standard Microsystems.
UBS lifted its price target on MGM Resorts (NYSE: MGM) to $15 per share yesterday.
