The markets opened lower with the Dow dropping 57 points to 16,454 as China's economy contracted. Nasdaq slipped 4 points to 4,119.
On the upside
Hyperdynamics (NYSE: HDY) announced that Tullow Guinea lifted its declaration of Force Majeure.
B/E Aerospace (Nasdaq: BEAV) retained the services of Citigroup and Shearman & Sterling to explore a possible sale of the company.
Sterigenics increased its acquisition offer for Nordion (NYSE: NDZ) to approximately $758 million, a premium of $12.25 per share.
On the downside
BroadSoft (Nasdaq: BSFT) widened first quarter losses more than expected and forecast current quarter earnings below estimates.
Realogy Holdings (NYSE: RLGY) blamed a drop in mortgage refinancing activity for reporting a loss for the first quarter.
Second quarter earnings more than doubled for Tyson Foods (NYSE: TSN) but the results fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 lost 5 points to 1876. Bitcoin fell $6.10 or 1.43% to $426.18.
