Financial News

Mixed open over global tensions

The markets opened mixed with the Dow rising 26 points to 16,479 while Nasdaq lost 15 points to 4,518 as Turkey retaliated against Kurds for a bomb that killed 28 people in Ankara.

On the upside

Tianjin Tianhai Investment will pay a premium of approximately $6 billion to acquire Ingram Micro (NYSE: IM).

Athersys (Nasdaq: ATHX) reported upbeat one-year results from a Phase 2 clinical study of MultiStem cell therapy to treat ischemic stroke patients.

Aerie Pharmaceuticals (Nasdaq: AERI) reported successful 12-month interim safety results for a Phase 3 registration trial for Rhopressa to lower intraocular pressure in patients with glaucoma.

On the downside

First quarter earnings for Jack in the Box (Nasdaq: JACK) fell short of analyst expectations.

SunEdison (NYSE: SUNE) will close its Pasadena, Texas facility and sell its Kuching, Malaysia facility.

ARRIS International (Nasdaq: ARRS) disappointed with sharply lower fourth quarter earnings.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 2 points to 1,924. Bitcoin added $2 to $420.

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