The markets opened mixed with the Dow losing 33 points to 16,425 while Nasdaq rose 17 points to 4214 as investors digested earnings news.
On the upside
Shares of BlackBerry (Nasdaq: BBRY) continued rising after Citron Group said that the stock was undervalued on Friday.
Third Point Management invested $1.3 billion in Dow Chemical (NYSE: DOW).
J.P. Morgan analyst Michael Gambardella upgraded Alcoa (NYSE: AA) from a Neutral rating to an Overweight rating.
On the downside
The Food and Drug Administration will not reinstate the ANCHOR SPA agreement for Amarin (Nasdaq: AMRN).
Teva Pharmaceuticals will pay $3.65 per share in cash to acquire NuPathe (Nasdaq: PATH).
SearchEngineLand reported that Expedia (Nasdaq: EXPE) lost approximately 25% of its search visibility on Google (Nasdaq: GOOG).
In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 rose 6 points to 1844. Bitcoin added $10.54 or 1.09% to $964.99.
