The markets extended its losses during the midday with the Dow plunging 144 points to 17,686 as crude oil prices slipped. Nasdaq plummeted 50 points to 4,754.
On the upside
Select Comfort (Nasdaq: SCSS) reported better than expected earnings and revenue for the first quarter.
B&G Foods (NYSE: BGS) reported sharply higher first quarter earnings that surpassed analyst expectations by a wide margin and forecast full year earnings ahead of estimates.
First quarter earnings for SkyWest (Nasdaq: SKYW) nearly tripled to beat expectations by a wide margin.
On the downside
Molina Healthcare (NYSE: MOH) reported lower first quarter earnings that fell far short of expectations and forecast full year results below estimates.
Bottomline Technologies (Nasdaq: EPAY) reported a loss for the third quarter.
Western Digital (Nasdaq: WDC) disappointed with sharply lower third quarter earnings and revenue.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 tumbled 18 points to 2,057. Bitcoin climbed $5 to $450.
