The markets opened higher with the Dow gaining 50 points to 16,763 as produce prices edged up 0.1% in July. Nasdaq climbed 23 points to 4476.
On the upside
Coca-Cola (NYSE: KO) will pay $2.15 billion to acquire a 16.7% stake in Monster Beverage (Nasdaq: MNST).
Achillion (Nasdaq: ACHN) reported that all 12 patients in a midstage clinical trial of its hepatitis C treatment ACH-3102 remained HCV RNA undetectable four weeks after completing therapy.
SINA (Nasdaq: SINA) swung to a greater than expected profit for the second quarter as revenue climbed.
On the downside
NQ Mobile (NYSR: NQ) chief financial officer KB Teo resigned.
Extreme Networks (Nasdaq: EXTR) fell to a loss for the fourth quarter.
JD.com (Nasdaq: JD) widened losses for the second quarter.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 7 points to 1962. Bitcoin slipped $3 to $506.
