The markets opened lower with the Dow falling 49 points to 17,352 as first time applications for unemployment benefits unexpectedly rose. Nasdaq slipped 9 points to 5,034.
On the upside
Eleven Biotherapeutics (Nasdaq: EBIO) narrowed losses for the second quarter.
One Horizon Group (Nasdaq: OHGI) will be the exclusive supplier of Voice over IP services to KeyIdea Information Technology.
Leyard Optoelectronic will acquire Planar Systems (Nasdaq: PLNR) for a premium of approximately $156.8 million.
On the downside
Shake Shack (NYSE: SHAK) priced its secondary offering of 4 million common shares at the discounted price of $60 per share.
Kohl’s (NYSE: KSS) disappointed with lower second quarter earnings that fell short of analyst expectations and forecast full year earnings below estimates.
Morgan Stanley initiated coverage of Rockwell Medical (Nasdaq: RMTI) with an Underweight rating and a $7 price target.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 6 points to 2,079. Bitcoin slipped $4 to $262.