The markets retreated at the open with the Dow falling 16 points to 18,597 as producer prices slipped 0.4% in July. Nasdaq lost 5 points to 5,222.
On the upside
Hewlett Packard Enterprises (NYSE: HPE) will pay a premium of approximately $275 million to acquire Silicon Graphics International (Nasdaq: SGI).
Acacia Communications (Nasdaq: ACIA) impressed with sharply higher second quarter earnings and revenue that surpassed analyst expectations.
Second quarter earnings and revenue climbed for Sunrun (Nasdaq: RUN) to beat expectations.
On the downside
Ocean Rig (Nasdaq: ORIG) will continue exploring alternatives including the possibility of filing for bankruptcy.
Concordia International (Nasdaq: CXRX) widened second quarter losses.
Twitter (NYSE: TWTR) denied claims that the social messaging site would shut down in 2017.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped a point to 2,183. Bitcoin lost $3 to $586.
