Flat open as oil continues slide

The markets opened flat with the Dow holding steady at 17,280 despite a gain in factory production as crude oil prices continued to slide. Nasdaq eased a fraction to 4,652.

On the upside

Talisman Energy (NYSE: TLM) confirmed that engaged in discussions with Repsol for a possible transaction.

Barclays upgraded Cirrus Logic (Nasdaq: CRUS) from an Underweight rating to an Overweight rating and lifted its price target from $18 to $28.

Riverbed Technology (Nasdaq: RVBD) will be taken private by Thoma Bravo and a Canadian teacher pension fund for approximately $3.6 billion.

On the downside

Sophiris Bio (Nasdaq: SPHS) reported that an efficacy threshold was not achieved in an ongoing Phase 3 "PLUS-1" trial of PRX302 to treat lower urinary tract symptoms of benign prostatic hyperplasia.

Investors continued to lock in profits on Momo (Nasdaq: MOMO).

Shares of Linn Energy (Nasdaq: LINE) extended its losses as crude oil prices continued to slide.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 6 points to 2009. Bitcoin added $3 to $345.
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