Lower open as housing starts fall

The markets opened lower with the Dow dropping 62 points to 17,985 as housing starts fell in January. Nasdaq lost 10 points to 4,888.

On the upside

Fourth quarter earnings surged for Angie's List (Nasdaq: ANGI) to beat analyst expectations.

Boston Scientific (NYSE: BSX) will pay Johnson & Johnson (NYSE: JNJ) $600 million to settle a breach of merger lawsuit.

Virgin America (Nasdaq: VA) reported lower fourth quarter earnings but the results were better than expected.

On the downside

Fossil Group (Nasdaq: FOSL) reported higher fourth quarter earnings but the results fell short of analyst expectations.

Profit taking weighed down shares of Rosetta Genomics (Nasdaq: ROSG).

MagnaChip (Nasdaq: MDAS) fell to a loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 7 points to 2092. Bitcoin slipped $5 to $235.