The markets closed lower with the Dow dropping 77 points to 18,493 as crude oil prices fell to $43.05 per barrel. Nasdaq slipped 2 points to 5,097.
On the upside
Shares of China Ceramics (Nasdaq: CCCL) surged on no news.
Needham & Co. upgraded NeoPhotonics (NYSE: NPTN) from a Buy rating to a Strong Buy rating.
Shares of Advanced Micro Devices (Nasdaq: AMD) climbed for the second day.
On the downside
Investors locked in profits on Technical Communications (Nasdaq: TCCO).
The Food and Drug Administration rejected Ocular Therapeutics' (Nasdaq: OCUL) Dextenza post-operative eye pain treatment.
Opus Bank (Nasdaq: OPB) reported lower second quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 lost 6 points to 2,168. Bitcoin fell $6 to $651.