The markets extended its losses during the midday with the Dow falling 28 points to 18,185 as the nation's gross domestic product was revised downward. Nasdaq slipped 9 points to 4,978.
On the upside
Second Sight Medical Products (Nasdaq: EYES) will release fourth quarter earnings Wednesday, March 11, after market close.
Fourth quarter earnings surged for Monster Beverage (Nasdaq: MNST) to surpass analyst expectations by a wide margin as revenue climbed.
DigitalGlobe (NYSE: DGI) reported lower fourth quarter earnings but the results were better than expected.
On the downside
Resonant (Nasdaq: RESN) reported a loss for the fourth quarter.
KBR (NYSE: KBR) widened fourth quarter losses more than expected as revenue fell.
Compass Point downgraded Ocwen Financial (NYSE: OCN) from a Neutral rating to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 2111. Bitcoin climbed $17 to $250.
Losses extended as GDP revised downward
February 27, 2015 at 12:56 PM EST