The markets opened mixed with the Dow gaining 54 points to 15,929 while Nasdaq slipped 4 points to 4018 as investors awaited the Federal Reserve's tapering decision.
On the upside
Harland Clarke Holdings will take Valassis Communications (NYSE: VCI) private for a premium of approximately $1.31 billion.
Lennar (NYSE: LEN) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin as revenue soared.
Shares of Yingli Green Energy (NYSE: YGE) continued to rise.
On the downside
First quarter earnings rose for Jabil Circuit (NYSE: JBL) but the results fell short of analyst expectations and the company forecast current quarter results that missed estimates by a wide margin.
Tower Group International (Nasdaq: TWGP) must increase its reserves by $75 million to $105 million.
Gogo (NYSE: GOGO) private equity sponsor Ripplewood Holdings distributed all 27.6 million shares of its holdings in Gogo and three Ripplewood directors resigned from the Gogo board.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1783. Bitcoin plunged $227.10 or 31.54% to $493.00.
