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Lower open as crude oil continues to fall

The markets opened lower with the Dow slipping 16 points to 21,512 as crude oil prices continued to fall. Nasdaq lost 10 points to 6,228.


On the upside


Parexel International (NYSE: PRXL) will be taken private by Pamplona Capital Management in a $4.5 billion deal.


Pacific Crest upgraded Nvidia (Nasdaq: NVDA) from an Underweight rating to a Sector Weight rating.


Shares of Rite Aid (NYSE: RAD) continued to climb on speculation that Amazon (Nasdaq: AMZN) may acquire the drugstore chain.


On the downside


Cenovus Energy (NYSE: CVE) chief executive Brian Ferguson will retire.


The Food and Drug Administration approved Neos Therapeutics' (Nasdaq: NEOS) Cotempla XR-ODT to treat ADHD but the stock price fell.

Fang Holdings (NYSE: SFUN) reported a greater than expected loss for the first quarter as revenue plunged.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 7 points to 2,446. Bitcoin leaped $82 to $2621.


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