Flat open ahead of Yellen speech

The markets opened flat with the Dow losing 8 points to 20,994 ahead of a speech by Federal Reserve chair Janet Yellen. Nasdaq eased a point to 5,859.


On the upside


Shares of Snap (NYSE: SNAP) continued to climb.


Bargain hunters lifted shares of Adeptus Health (NYSE: ADPT).


BioScrip (Nasdaq: BIOS) reported a loss for the fourth quarter but core revenue climbed.


On the downside


Nutanix (Nasdaq: NTNX) widened second quarter losses and forecast greater than expected losses for the current quarter.


Shares of Advanced Micro Devices (Nasdaq: AMD) fell on negative reviews of its new series of Ryzen chips.

Bill Barrett (NYSE: BBG) widened losses for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,379. Bitcoin climbed $18 to $1,267.


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