Disappointing earnings weighed the markets down to a lower open with the Dow falling 26 points to 20,980. Nasdaq lost 9 points to 6,091.
On the upside
Newell Brands (NYSE: NWL) impressed with sharply higher first quarter earnings that surpassed analyst expectations and lifted its full year earnings guidance.
Kate Spade & Co. (NYSE: KATE) will be acquired by Coach (NYSE: COH) for a premium of approximately $2.4 billion in cash.
JD.com (Nasdaq: JD) swung to an unexpected profit for the first quarter as revenue surged.
On the downside
Horizon Pharma (Nasdaq: HZNP) widened first quarter losses more than expected.
Kite Pharma (Nasdaq: KITE) widened losses for the first quarter more than expected.
Tyson Foods (NYSE: TSN) disappointed with lower second quarter earnings and revenue that fell short of expectations.
The broader S&P 500 index slipped 2 points to 2,396. Bitcoin leaped $60 to $1573.
