The nation’s unemployment rate fell to a seven year low but the markets opened lower with the Dow dropping 53 points to 17,809 as crude oil prices slipped. Nasdaq lost 12 points to 5,115.
On the upside
AstraZeneca (NYSE: AZN) will pay a premium of approximately $2.7 billion to acquire ZS Pharma (Nasdaq: ZSPH).
Weight Watchers (NYSE: WTW) reported better than expected third quarter earnings and revenue and lifted its full year earnings guidance.
Builders FirstSource (Nasdaq: BLDR) reported sharply higher third quarter earnings .
On the downside
Iconix Brand Group (Nasdaq: ICON) must restate financial reports for the fourth quarter and annual results from 2013 through the second quarter of 2015.
The Men’s Wearhouse (NYSE: MW) slashed its third quarter and full year earnings guidance as sales plunged at Jos. A. Bank.
LSB Industries (NYSE: LXU) widened third quarter losses more than expected.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 dropped 12 points to 2,087. Bitcoin fell $14 to $372.