Sanctions against Russia expanded, markets open lower

The markets opened lower with the Dow losing 28 points to 17,020 as sanctions against Russia expanded. Nasdaq slipped 11 points to 4,580.

On the upside

Alliance Data Systems (Nasdaq: ADS) will pay a premium of approximately $2.3 billion to acquire Conversant (Nasdaq: CNVR) .

Ulta Beauty (Nasdaq: ULTA) reported sharply higher second quarter earnings that surpassed analyst expectations prompting the company to lift it full year outlook.

China Green Agriculture (NYSE: CGA) reported higher revenue for the fourth quarter.

On the downside

The Food and Drug Administration denied Amarin's (Nasdaq: AMRN) appeal of the agency's recession of the ANCHOR clinical trial Special Protocol Assessment agreement.

RadioShack (NYSE: RSH) widened losses more than expected for the second quarter and warned that it may file for bankruptcy.

Xcerra (Nasdaq: XCRA) priced its public offering of more than 4.68 million common shares at the discounted price of $10.25 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 1992. Bitcoin slipped $4 to $467.
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