An increase in the nation's unemployment rate sent the markets down to a lower open with the Dow losing 45 points to 10,475. Nasdaq dropped 29 points to 2290.
On the upside
Chimera Investment (NYSE: CIM) reported higher first quarter earnings.
Crocs (Nasdaq: CROX) reversed year ago losses to post a better than expected profit for the first quarter and forecast second quarter results ahead of estimates.
First quarter earnings more than doubled for Activision Blizzard (Nasdaq: ATVI) to beat expectations by a wide margin as revenue surged.
On the downside
Trico Marine (Nasdaq: TRMA) reported a first quarter loss that was much wider than expected and warned that it may fail to be in compliance with its debt covenants.
First quarter earnings for Hansen Natural (Nasdaq: HANS) dropped to fall short of expectations as sales slipped.
Genoptix (Nasdaq: GXDX) blamed higher expenses for lower first quarter earnings that missed estimates by a wide margin.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 673.
