Lower open as EU fines Google $2.7 billion

The EU's $2.7 billion fine against Google weighed the markets down to a lower open with the Dow slipping 6 points to 21,403. Nasdaq fell 22 points to 6,224.


On the upside


Sprint (NYSE: S) is engaged in exclusive discussions with Comcast and Charter to potentially resell Sprint's wireless service.


Vetr downgraded Cara Therapeutics (Nasdaq: CARA) from a Buy rating to a Hold rating but the stock price rose.


Darden Restaurants (NYSE: DRI) increased its quarterly dividend from 56 cents per share to 63 cents per share.


On the downside


Alder BioPharmaceuticals (Nasdaq: ALDR) reported upbeat results from a Phase 3 clinical trial of eptinezumab but the stock price plunged.


Armour Residential (NYSE: ARR) announced a public offering of 4.5 million common shares.

Investors locked in profits on Rite Aid (NYSE: RAD).


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE while decliners edged out advancers by 6 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,436. Bitcoin tumbled $73 to $2346.


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