The markets opened flat with the Dow slipping 7 points to 16,543 as investors questioned Apple’s possible acquisition of Beats Electronics. Nasdaq held steady at 4,051.
On the upside
Clean Energy Fuels (Nasdaq: CLNE) reported higher first quarter revenue that topped analyst estimates.
Medivation (Nasdaq: MDVN) narrowed first quarter losses as revenue surged.
Pixelworks (Nasdaq: PXLW) narrowed losses for the first quarter as revenue climbed.
On the downside
Rocket Fuel (Nasdaq: FUEL) reported a wider than expected loss for the first quarter and forecast current quarter revenue below estimates.
Scientific Games (Nasdaq: SGMS) widened first quarter losses more than expected even as revenue rose.
Smith Micro Software (Nasdaq: SMSI) disappointed with sharply lower first quarter revenue that missed estimates and a wider than expected loss.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 2 points to 1872. Bitcoin rose $9.57 or 2.15% to $445.08.
