Disappointing earnings news weighed the markets down during the midday with the Dow tumbling 82 points to 15,890. Nasdaq plunged 39 points to 4021.
On the upside
Shares of Autohome (NYSE: ATHM) surged in its debut on the New York Stock Exchange.
Valero Energy Partners (NYSE: VLP) stock leaped on its first trading day.
Echo Therapeutics (Nasdaq: ECTE) entered a strategic partnership with Medical Technologies Innovation Asia.
On the downside
Shares of Icahn Enterprises (Nasdaq: IEP) continued falling.
Laboratory Corp. of America (NYSE: LH) forecast 2014 earnings that fell far short of analyst expectations.
Shares of Pandora Media (NYSE: P) fell after Spotify introduced a new, free music streaming service for mobile devices.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 tumbled 13 points to 1788. Bitcoin dropped $74.38 or 7.22% to $955.62.
