The markets traded in negative territory during the midday with the Dow losing 31 points to 17,748 as first time applications for unemployment benefits rose. Nasdaq slipped 11 points to 5,083.
On the upside
Third quarter earnings surged for Rayonier Advanced Materials (NYSE: RYAM) to surpass expectations by a wide margin.
Echo Global Logistics (Nasdaq: ECHO) reported stronger than expected earnings for the third quarter.
One Horizon Group (Nasdaq: OHGI) announced that its Aishuo App has exceeded 10 million downloads.
On the downside
Second quarter earnings surged for Abiomed (Nasdaq: ABMD) but the stock price plunged.
Rovi (Nasdaq: ROVI) widened third quarter losses more than expected as revenue fell.
Buffalo Wild Wings (Nasdaq: BWLD) disappointed with lower third quarter earnings that missed expectations by a wide margin and lowered its full year forecast.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped a point to 2,088. Bitcoin soared $15 to $314.
