Mixed open despite strong jobs data

The markets opened mixed with the Dow rising 13 points to 16,957 while Nasdaq slipped 2 points to 4,704 as the nation’s employers added a stronger than expected 242,000 jobs in February.

On the upside

Seadrill (NYSE: SDRL) settled a Total Return Swap agreement and entered a new TRS agreement.

SunEdison (NYSE: SUNE) settled legal issues related to its failed acquisition of Latin American Power Holdings.

AMC Entertainment Holdings (NYSE: AMC) will pay a premium to acquire Carmike Cinemas (Nasdaq: CKEC) in a deal valued at approximately $1.1 billion.

On the downside

Vitae Pharmaceuticals (Nasdaq: VTAE) widened losses for the fourth quarter prompting a downgrade.

H&R Block (NYSE: HRB) widened third quarter losses more than expected as revenue fell.

Nimble Storage (NYSE: NMBL) widened losses for the fourth quarter and forecast current quarter earnings below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 held steady at 1,993. Bitcoin held steady at $420.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.