Concerns about the tapering of the Federal Reserve's bond buying program sent the markets down to a sharply lower open with the Dow tumbling 81 points to 15,437. Nasdaq dropped 27 points to 3638.
On the upside
Pixelworks (Nasdaq: PXLW) widened second quarter losses but the company forecast higher third quarter earnings that surpassed analyst expectations.
Finisar (Nasdaq: FNSR) reported preliminary first quarter earnings ahead of previous guidance.
DG (Nasdaq: DGIT) reported higher second quarter earnings that beat analyst expectations.
On the downside
SunEdison (NYSE: SUNE) widened second quarter losses more than expected as revenue tumbled.
First Solar (Nasdaq: FSLR) disappointed with sharply lower second quarter earnings that fell far short of analyst expectations prompting the company to slash its full year guidance. The company also announced plans to acquire cadmium telluride solar technology from General Electric (NYSE: GE).
Glu Mobile (Nasdaq: GLUU) narrowed second quarter losses but revenue fell and the mobile gaming company warned of greater than expected losses for the current quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 dropped 11 points to 1686.
