Lower open as investors monitor earnings

The markets opened lower with the Dow tumbling 86 points to 17,743 as earnings news disappointed. Nasdaq fell 29 points to 4,776.


On the upside


Shares of Paragon Shipping (Nasdaq: PRGN) continued to soar.


Genworth Financial (NYSE: GNW) reported better than expected earnings for the first quarter.


Amazon (Nasdaq: AMZN) swung to a greater than expected profit that surpassed estimates by a wide margin as revenue climbed.

On the downside


Seagate Technology (Nasdaq: STX) fell to a greater than expected loss for the third quarter as revenue dropped.


Golar (Nasdaq: GLNG) reassured investors that the framework agreement between Golar and Schlumberger (NYSE: SLB) will remain intact despite Schlumberger's withdrawal from the Fortuna/Ophir development.


Stericycle (Nasdaq: SRCL) disappointed with lower first quarter earnings that fell short of expectations.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 9 to 7 on Nasdaq. The broader S&P 500 fell 5 points to 2,069.

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