The failure of the Republican held Senate to repeal the Affordable Care Act raised concerns about tax reform. The markets opened lower with the Dow losing 9 points to 21,787. Nasdaq dropped 32 points to 6,350.
On the upside
First Solar (Nasdaq: FSLR) reversed year ago losses to post a better than expected profit for the second quarter and lifted its full year forecast.
Second quarter earnings surged for Baidu (Nasdaq: BIDU).
Weatherford International (NYSE: WFT) narrowed losses for the second quarter.
On the downside
Starbucks (Nasdaq: SBUX) reported lower third quarter earnings and announced that it will close all Teavana stores.
NuVasive (Nasdaq: NUVA) disappointed with sharply lower second quarter earnings and announced the departure of president and chief operating officer Jason Hannon and chief financial officer Quentin Blackford.
Second quarter earnings and revenue dropped for Goodyear Tire & Rubber (Nasdaq: GT) prompting the company slash its full year forecast.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 fell 6 points to 2,469. Bitcoin soared $64 to $2659.
