The markets opened lower with the Dow falling 40 points to 16,635 as investors locked in profits from yesterdays highs. Nasdaq lost 9 points to 4,227.
On the upside
Spherix (Nasdaq: SPEX) extended its gains.
Aspen Investment may purchase Vivus (Nasdaq: VVUS) for $640 million.
Shares of Prana Biotechnology (Nasdaq: PRAN) continued rising on no news.
On the downside
DSW (NYSE: DSW) reported higher first quarter earnings but the results fell short of analyst expectations prompting the company to lower its full year outlook.
3D Systems (NYSE: DDD) priced its public offering of 5.95 million common shares at a discounted price of $53.25 per share.
The Wet Seal (Nasdaq: WTSL) fell to a loss for the first quarter as revenue dropped and the company forecast a greater than expected loss for the second quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 1909. Bitcoin lost $4.56 or 0.81% to $565.57.
