The markets opened mixed with the Dow rising 19 points to 17,575 while Nasdaq fell 14 points to 4,818 as investors monitored corporate earnings.
On the upside
Tudor Pickering upgraded Chesapeake Energy (NYSE: CHK) from a Sell rating to a Hold rating.
Shares of MannKind (Nasdaq: MNKD) extended its gains.
Bonanza Creek Energy (NYSE: BCEI) stock rose again as crude oil prices edged up.
On the downside
The Justice Department is pursuing a guilty plea from Och-Ziff Capital Management (NYSE: OZM) in a five-year long international bribery investigation.
UBS downgraded Juniper Networks (NYSE: JNPR) from a Buy rating to a Neutral rating and cut its price target from $31 to $25.
Alcoa (NYSE: AA) reported lower first quarter earnings and revenue and cut its 2016 global sales guidance for the aerospace industry.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 held steady at 2,041. Bitcoin added $4 to $422.
