Sales of existing homes climbed in June but the markets extended its losses during the midday with the Dow dropping 90 points to 17,828 over disappointing earnings. Nasdaq tumbled 44 points to 5,163.
On the upside
Shares of Blue Buffalo Pet Products (Nasdaq: BUFF) surged in its market debut.
LifeLock (NYSE: LOCK) denied that it violated a settlement agreement with the Federal Trade Commission.
ROTH Capital initiated coverage of Lipocine (Nasdaq: LPCN) with a Buy rating.
On the downside
Shares of Cliffs Natural Resources (Nasdaq: CLF) fell over concerns that an iron ore supply glut will continue to depress prices.
Angie's List (Nasdaq: ANGI) reported a loss for the second quarter as revenue missed expectations.
Second quarter earnings rose for B/E Aerospace (Nasdaq: BEAV) but the results fell short of estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 lost 7 points to 2111. Bitcoin held steady at $275.
Losses extended over disappointing earnings
July 22, 2015 at 13:47 PM EDT
