The markets opened flat with the Dow slipping a point to 17,906 even as first time applications for unemployment benefits unexpectedly fell last week. Nasdaq lost 8 points to 4,938.
On the upside
Repros Therapeutics (Nasdaq: RPRX) reported positive clinical data for Proellex to treat severe menstrual bleeding from uterine fibroids.
Bank of America upgraded 3D Systems (NYSE: DDD) from an Underperform rating to a Buy rating.
Meizu will feature Synaptics' (Nasdaq: SYNA) ClearForce technology in its new flagship PRO6 smartphone.
On the downside
Seagate Technology (Nasdaq: STX) warned that third quarter revenue would fall short of previous guidance.
The borrowing base of Stone Energy's (NYSE: SGY) bank credit agreement has been slashed from $500 million to $300 million.
Western Digital (Nasdaq: WDC) fell on rival Seagate's (Nasdaq: STX) lowered guidance.
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 slipped 2 points to 2,080. Bitcoin held steady at $422.
