Crude oil prices retreated to weigh the markets down to a lower open with the Dow falling 52 points to 16,812. Nasdaq lost 8 points to 4,681.
On the upside
CCL Industries will pay a premium of approximately $422 million to acquire Checkpoint Systems (NYSE: CKP).
Darling Ingredients (NYSE: DAR) reported higher fourth quarter earnings.
NeoPhotonics (NYSE: NPTN) reported better than expected results for the fourth quarter and forecast current quarter results ahead of estimates.
On the downside
Big 5 Sporting Goods (Nasdaq: BGFV) reported higher fourth quarter earnings and revenue but the company forecast current quarter earnings below expectations.
Ascena Retail Group (Nasdaq: ASNA) fell to a loss for the second quarter.
Cott (NYSE: COT) priced its public offering of 11.1 million common shares at the discounted price of $11.80 per share.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 5 points to 1,972. Bitcoin slipped $1 to $431.
