The markets opened flat with the Dow slipping 7 points to 24,657 as crude oil prices eased. Nasdaq fell 18 points to 7220.
On the upside
Ericsson (Nasdaq: ERIC) narrowed losses for the first quarter.
Jana Partners acquired a 9.1% stake in Pinnacle Foods (NYSE: PF).
Cleveland-Cliffs (NYSE: CLF) reported better than expected results for the first quarter.
On the downside
Skechers USA (NYSE: SKX) reported first quarter earnings and revenue that fell short of expectations and forecast second quarter results below analyst estimates.
Mattel (Nasdaq: MAT) named Ynon Kreiz to replace chief executive Margaret Georgiadis.
Atlassian (Nasdaq: TEAM) narrowed losses for the third quarter more than expected but the company forecast current quarter earnings below estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 2,692. Bitcoin surged $199 to $8,476.