Mixed Open As Investors Pause

The markets opened mixed with the Dow rising 31 points to 14,790 while Nasdaq lost 8 points to 3356 as investors paused to evaluate the impact of tapering stimulus measures.

On the upside

Tsinghua Holdings Co. offered a premium of approximately $1.3 billion in cash to acquire Spreadtrum (Nasdaq: SPRD).

CarMax (NYSE: KMX) reported higher first quarter earnings and revenue that surpassed analyst expectations.

Bargain hunters lifted shares of Mechel (NYSE: MTL).

On the downside

Oracle (Nasdaq: ORCL) reported higher fourth quarter earnings but revenue fell short of expectations.

The Food and Drug Administration requested additional safety data from Idenix Pharmaceuticals (Nasdaq: IDIX) for its hepatitis C treatment IDX20963.

Ashford Hospitality Trust (NYSE: AHT) priced its pubic offering of 11 million common shares at the discounted price of $12 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index rose 4 points to 1592.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here