July 29, 2013 at 10:50 AM EDT
Lower Open As Pending Home Sales Drop

A drop in June pending home sales weighed the markets down to a lower open with the Dow falling 59 points to 15,499. Nasdaq lost 16 points to 3597.

On the upside

Synta Pharmaceuticals (Nasdaq: SNTA) announced positive preliminary results from the ENCHANT-1 clinical trial of its breast cancer treatment.

Uranium Resources (Nasdaq: URRE) will host a conference call for second quarter results on Friday, August 9, 2013.

USEC's (NYSE: USU) American Centrifuge completed its sixth milestone for Department of Energy certification.

On the downside

Shanda Games (Nasdaq: GAME) will acquire affiliates that provide user and payment platform services.

Perrigo (Nasdaq: PRGO) will pay approximately $8.6 billion in cash and stock to acquire Elan.

Desarrolladora Homex (NYSE: HXM) disappointed by falling to a loss for the second quarter as revenue plummeted.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index lost 7 points to 1683.

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