The markets opened lower with the Dow losing 39 points to 15,079 over a report that the Federal Reserve's stimulus measures may soon end. Nasdaq eased a point to 3434.
On the upside
Shares of Unilife (Nasdaq: UNIS) continued rising after reporting a smaller first quarter losses last week.
Theravance (NYSE: THRX) will receive $1 billion in royalty payments from Elan for four respiratory drugs.
Molycorp (NYSE: MCP) stock extended its gains after reporting a smaller than expected loss last week.
On the downside
Mosaic (NYSE: MOS) will postpone adding 2 million metric tons of production capacity.
JoS. A. Bank Clothiers (Nasdaq: JOSB) warned that first quarter earnings will fall to miss analyst expectations.
Mechel OAO (NYSE: MTL) reported lower coal production in the first quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index slipped 2 points to 1630.
