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.