The markets extended its losses during the midday with the Dow tumbling 105 points 12,443 over global economic recovery concerns. Nasdaq lost 7 points to 2775.
On the upside
Photronics (Nasdaq: PLAB) swung to a loss for the second quarter but the results were better than expected and revenue climbed to a record high.
Winn-Dixie (Nasdaq: WINN) reported higher third quarter earnings that surpassed analyst expectations by a wide margin.
Allied Irish Banks (NYSE: AIB) sold its 49.99% stake in Bulgarian-American Credit Bank for an undisclosed sum.
On the downside
Although first quarter income rose for Trina Solar (NYSE: TSL), the results fell far short of analyst expectation.
Shares of FXCM (NYSE: FXCM) continued falling after yesterday's earnings miss prompted a downgrade.
FairPoint Communications (NYSE: FRP) swung to a first quarter profit due to a significant one-time pre-tax gain related to the company's bankruptcy reorganization but revenue dropped.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 818.