The markets opened flat with the Dow slipping 6 points to 23,533 as President Donald Trump discusses trade with Asian nations. Nasdaq eased a point to 6,763.
On the upside
Michael Kors (NYSE: KORS) reported higher second quarter earnings and revenue that topped estimates prompting the company to lift its full year forecast.
Marvell Technology Group (Nasdaq: MRVL) is engaged in advanced discussions to acquire Cavium (Nasdaq: CAVM).
NetEase (Nasdaq: NTES) will expand its e-commerce platform by investing $11 billion over the next three years to increase its inventory of products from the U.S., Europe and Japan.
On the downside
Sprint (NYSE: S) ended merger discussions with T-Mobile (Nasdaq: TMUS).
Third quarter earnings for Henry Schein (Nasdaq: HSIC) fell short of expectations.
Horizon Pharma (Nasdaq: HZNP) widened losses for the third quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 held steady at 2,587. Bitcoin gained $54 to $7,257.
