The markets opened lower with Dow losing 34 points to 17,807 as crude oil price retreated. Nasdaq slipped 4 points to 4,915.
On the upside
Funds advised by Apex Partners will acquire Quality Distribution (Nasdaq: QLTY) for a premium of approximately $800 million including the assumption of debt.
Alaska Airlines partnered with Gevo (Nasdaq: GEVO) to use Gevo’s renewable alcohol-to-jet fuel.
Alibaba Group (NYSE: BABA) named David Zhang to the position of chief executive officer.
On the downside
iCAD (Nasdaq: ICAD) announced that Noridian changed the reimbursement code for electronic brachytherapy for non-melanoma skin cancers.
Whole Foods Market (Nasdaq: WFM) reported higher second quarter earnings and revenue but revenue fell short of expectations and the company forecast full year revenue below estimates.
Nu Skin Enterprises (NYSE: NUS) disappointed with lower first quarter earnings and revenue and forecast current quarter and full year results that fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 4 points to 2076. Bitcoin added $1 to $232.
