Jobless claims rise, markets open lower

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The markets opened lower with Dow losing 43 points to 17,995 as first time applications for unemployment benefits unexpectedly rose. Nasdaq slipped 7 points to 5,027.

On the upside

Arris (Nasdaq: ARRS) will acquire Pace in a cash and stock deal valued at approximately $2.1 billion.

The National Institutes of Health Information Technology Acquisition and Assessment Center selected Sysorex's (Nasdaq: SYRX) Lilien Systems division as one of the 65 Prime Contract Holders under the Chief Information Officer - Commodities and Solutions contract.

Skechers USA (NYSE: SKX) impressed with sharply higher first quarter earnings and revenue that beat analyst expectations prompting an upgrade.

On the downside

Ericsson (Nasdaq: ERIC) disappointed with lower first quarter earnings that fell short of analyst expectations.

MobileIron (Nasdaq: MOBL) warned that first quarter earnings would  fall short of previous guidance and announced the resignation of chief financial officer Todd Ford.

First quarter earnings and revenue rose for Texas Instruments (Nasdaq: TXN) but the results missed estimates prompting a downgrade.
 
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 3 points to 2104. Bitcoin added $3 to $234.

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This page contains a single entry by published on April 23, 2015 6:43 AM.

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