Japan announced a $274 billion economic stimulus package that was lower than expected sending the markets down to a lower open with the Dow dropping 84 points to 18,320. Nasdaq tumbled 35 points to 5,148.
On the upside
Advaxis (Nasdaq: ADXS) entered a $40 million global development and commercialization agreement with Amgen for the immunotherapy treatment ADXS-NEO.
Avon Products (NYSE: AVP) reported better than expected second quarter earnings and revenue.
Second quarter earnings and revenue climbed for SodaStream International (Nasdaq: SODA) to surpass analyst expectations.
On the downside
Cobalt International Energy (NYSE: CIE) widened second quarter losses more than expected.
Second quarter revenue for Texas Roadhouse (Nasdaq: TXRH) fell short of expectations.
Integrated Devices Technology (Nasdaq: IDTI) disappointed with lower first quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by a margin of 3 to 2 on Nasdaq. The broader S&P 500 dropped 13 points to 2,157. Bitcoin fell $10 to $603.
