Lower Close Over Disappointing Earnings

It was a lower close for the markets with the Dow slipping 12 points to 11,825 over disappointing earnings. Nasdaq tumbled 40 points to 2725.

On the upside

Athersys (Nasdaq: ATHX) reported improvements in rodents using the company's MultiStem program for spinal cord injury.

Oppenheimer initiated coverage of Bitauto Holdings (NYSE: BITA) with an Outperform rating.

Oracle (Nasdaq: ORCL) may sell the Sun Microsystems campus in Menlo Park for approximately $100 million.

On the downside

Craig-Hallum Capital Group raised concerns that LodgeNet Interactive's (Nasdaq: LNET) earnings may be negatively impacted by a client's decision to restrict assess to mature content.

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