First time applications fell more than expected last week to a 15-year low but the markets dropped with Dow tumbling 91 points to 17,944 over earnings concerns. Nasdaq plunged 49 points to 4,974.
On the upside
Hornbeck Offshore (NYSE: HOS) reported sharply higher first quarter earnings that surpassed analyst expectations.
Shares of Blueprint Medicines (Nasdaq: BPMC) surged on its first trading day.
CARBO Ceramics (NYSE: CRR) fell to a loss for the first quarter but the stock price climbed.
On the downside
FormFactor (Nasdaq: FORM) swung to a profit for the first quarter but the stock price fell.
CTC Media (Nasdaq: CTCM) disappointed with sharply lower first quarter earnings and revenue.
Nokia (NYSE: NOK) reversed year ago losses to post a profit for the first quarter but profits in its network business unit dropped sharply.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 11 points to 2095. Bitcoin rose $7 to $234.
Jobless claims drop but markets fall on earnings concerns
April 30, 2015 at 15:06 PM EDT