Lower open as Tillerson meets with Russian counterpart

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The markets opened lower with the Dow losing 24 points to 20,627 despite a 0.2% drop in March import prices as Secretary of State Rex Tillerson met with Russian Foreign Minister Sergey Lavrov. Nasdaq slipped 2 points to 5,864. 


On the upside


BlackBerry (Nasdaq: BBRY) was awarded $814.9 million in an arbitration dispute against Qualcomm (Nasdaq: QCOM).


North Atlantic Drilling (NYSE: NADL) won 10-year contracts for West Elara and West Linus.


Wexford Capital acquired an 8.54% stake in Adeptus Health (NYSE: ADPT).


On the downside


Investors locked in profits on Plug Power (Nasdaq: PLUG).


Longbow initiated coverage of U.S. Steel (NYSE: X) with a Buy rating but the stock price fell as iron ore prices tumbled.

 

Tractor Supply (Nasdaq: TSCO) reported a 2.2% drop in first quarter same store sales and warned that earnings would miss expectations.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped a point to 2,352. Bitcoin fell $5 to $1214.


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