The markets opened lower with the Dow losing 15 points to 17,657 after anti-austerity party Syriza won the general election in Greece. Nasdaq slipped 3 points to 4,754.
On the upside
Ocwen Financial (NYSE: OCN) will pay $2.5 million to settle a mortgage compliance dispute with the California Department of Business Oversight.
MeadWestvaco (NYSE: MWV) will merge with Rock-Tenn (NYSE: RKT) to form a $16 billion company.
On the downside
Seagate Technology (Nasdaq: STX) reported higher second quarter earnings and revenue but revenue fell short of analyst expectations.
Shares of National Bank of Greece (NYSE: NBG) fell after anti-austerity party Syriza won the general election in Greece.
Brookdale Senior Living (NYSE: BKD) lowered its full year guidance.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 2051. Bitcoin rose $11 to $261.