Disappointing earnings weighed the markets down to a lower open with the Dow falling 67 points to 17,860. Nasdaq slipped a point to 4,808.
On the upside
Electronic Arts (Nasdaq: EA) impressed with sharply higher fourth quarter earnings that beat expectations and forecast 2017 results ahead of estimates.
Canadian Solar (Nasdaq: CSIQ) reported better than expected results for the first quarter and forecast current quarter as well as full year revenue above estimates.
Synacor (Nasdaq: SYNC) reported higher first quarter revenue.
On the downside
The proposed merger between Office Depot (Nasdaq: ODP) and Staples (Nasdaq: SPLS) has been cancelled after a federal judge ruled against the deal.
C&J Energy Services (NYSE: CJES) widened first quarter losses significantly as revenue tumbled.
First quarter earnings plunged for Fossil Group (Nasdaq: FOSL) prompting the company to slash its full year earnings outlook.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 2,080. Bitcoin held steady at $451.
