Markets fall on lower crude oil prices

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The markets opened lower with the Dow slipping 17 points to 17,901 as crude oil prices fell. Nasdaq fell 29 points to 5,178.

On the upside

St. Jude Medical (NYSE: STJ) offered a premium of approximately $3.4 billion in cash to acquire Thoratec (Nasdaq: THOR).

Solar3D (Nasdaq: SLTD) expects to report record revenue for the second quarter.
 
Check Point Software Technologies (Nasdaq: CHKP) reported higher second quarter earnings and revenue.
 
On the downside

XOMA (Nasdaq: XOMA) reported disappointing results from a Phase 3 EYE-GUARD-B study of the Behcet's disease uveitis treatment gevokizumab.

Apple (Nasdaq: AAPL) reported higher third quarter earnings and revenue that surpassed estimates but the company forecast current quarter revenue that missed analyst expectations prompting a downgrade.

Second quarter earnings rose for Illumina (Nasdaq: ILMN) but revenue fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped a point to 2117. Bitcoin lost $1 to $274.

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This page contains a single entry by published on July 22, 2015 6:43 AM.

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