Falling crude oil prices sent the markets down to a lower open with the Dow dropping 80 points to 17,422. Nasdaq lost 15 points to 4,753.
On the upside
General Steel Holdings (NYSE: GSI) will sell its equity interest in Maoming Hengda Steel to Tianwu Tongyong International Trade for approximately $51 million.
The New York Times reported that TiVo (Nasdaq: TIVO) engaged in discussions to be acquired by Rovi (Nasdaq: ROVI).
Shares of Office Depot (Nasdaq: ODP) continued rising.
On the downside
Portola Pharmaceuticals (Nasdaq: PTLA) reported disappointing results from a Phase 3 APEX clinical trial of betrixaban to prevent blood clot in acute medically ill patients.
Antero Midstream Partners (NYSE: AM) priced its public offering of 8 million common units at the discounted price of $22.40 per common unit.
Lannett (NYSE: LCI) cut its full year forecast prompting a downgrade.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE by 7 to 2 on Nasdaq. The broader S&P 500 fell 10 points to 2,026. Bitcoin slipped $1 to $416.
