The markets opened flat with the Dow adding 5 points to 15,827 while Nasdaq lost 8 points to 3957 as investors await comments from Federal Reserve chair nominee Janet Yellen.
On the upside
Oxygen Biotherapeutics (Nasdaq: OXBT) closed its acquisition of certain Phyxius Pharma assets.
Robert W. Baird upgraded SolarCity (Nasdaq: SCTY) from a Neutral rating to an Outperform rating.
Shares of Gogo (Nasdaq: GOGO) continued rising lifting its revenue guidance for the year earlier this week.
On the downside
Cisco Systems (Nasdaq: CSCO) reported lower first quarter earnings and warned of lower second quarter revenue.
Eagle Bulk Shipping (Nasdaq: EGLE) widened third quarter losses as revenue dropped.
Millennial Media (NYSE: MM) widened losses for the third quarter even as revenue climbed.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 1784.