The market opened higher with the Dow rising 12 points to 16,545 even as jobless claims climbed. Nasdaq gained 11 points to 4,143.
On the upside
Sanchez Energy (NYSE: SN) will pay approximately $639 million in cash to acquire 106,000 contiguous net acres in the Eagle Ford trend.
NTELOS Holdings (Nasdaq: NTLS) and Sprint (NYSE: S) extended their Strategic Network Alliance through 2022.
Royale Energy (Nasdaq: ROYL) identified a large target in Alaska that call be drilled.
On the downside
Profit taking sank shares of China Ming Yang Wind Power Group (NYSE: MY).
58.com (NYSE: WUBA) swung to a profit for the first quarter but the results missed estimates.
Sina (Nasdaq: SINA) widened losses for the first quarter and forecast second quarter revenue below estimates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 1891. Bitcoin gained $23.51 or 4.61% to $510.19.
