Flat open as crude oil prices slip

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The markets opened flat with the Dow adding 3 points to 20,582 as crude oil prices edged down. Nasdaq held steady at 5,916.


On the upside


China Digital TV Holding (NYSE: STV) declared a special cash dividend of $1.50 per share of common stock.


Aurinia Pharmaceuticals (Nasdaq: AUPH) announced additional 48-week data from its Phase IIb AURA-LV study in lupus nephritis.


Proofpoint (Nasdaq: PFPT) narrowed first quarter losses more than expected.


On the downside


Mattel (Nasdaq: MAT) widened first quarter losses more than expected as revenue fell.


The European Medicines Agency issued a negative "trend" vote for XBiotech's (Nasdaq: XBIT) marketing authorization application for its candidate antibody for the treatment of colorectal cancer.

 

Adamis Pharmaceuticals (Nasdaq: ADMP) priced its public offering of approximately 4.285 million common shares at the discounted $3.50 per share.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,353. Bitcoin gained $8 to $1237.


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