Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plunging 102 points to 16,980. Nasdaq lost 14 points to 4,457.

On the upside

Qlik Technologies (Nasdaq: QLIK) widened second quarter losses but the results were better than expected.

The Royal Bank of Scotland (NYSE: RBS) reported higher second quarter earnings.

Baidu (Nasdaq: BIDU) reported sharply higher second quarter earnings that surpassed analyst expectations by a wide margin as revenue climbed.

On the downside

Pandora Media (NYSE: P) widened second quarter losses, forecast third quarter earnings below expectations and reported sequentially lower active listeners and listener hours.

Amazon (Nasdaq: AMZN) widened second quarter losses more than expected even as revenue rose prompting a series of downgrades.

Informatica (Nasdaq: INFA) reported higher second quarter earnings and revenue but the company forecast current quarter results that missed analyst expectations prompting downgrades.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 1982. Bitcoin added $3 to $599.