The markets retreated in late afternoon trading to close modestly lower with the Dow slipping 5 points to 17,875 ahead of the beginning of earnings season tomorrow. Nasdaq lost 7 points to 4,910.
On the upside
Chimera Investment (NYSE: CIM) completed its one-for-five reverse stock split.
Climbing crude oil prices lifted shares of PostRock Energy (Nasdaq: PSTR).
Rumors circulated that Twitter (NYSE: TWTR) may be acquired.
On the downside
UBS downgraded Evercore Partners (NYSE: EVR) from a Buy rating to a Neutral rating.
24/7 Wall St. noted that Credit Suisse selected Micron Technology (Nasdaq: MU) as one of its top technology stocks but the stock price fell.
Investors locked in profits on Halliburton (NYSE: HAL).
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 4 points to 2076. Bitcoin eased a fraction to $252.
Markets slip ahead of earnings
April 07, 2015 at 17:34 PM EDT