Spain's economy fell into another recession to weigh the markets down to a lower open with the Dow slipping 22 points to 13,206. Nasdaq lost 20 points to 3049.
On the upside
On the downside
Deutsche Bank downgraded VeriFone (Nasdaq: PAY) to a Sell rating.
Humana (NYSE: HUM) disappointed with lower first quarter earnings that fell short of analyst expectations.
First quarter earnings slipped for LyondellBasell Industries (NYSE: LYB) as revenue fell.
In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 820.