The markets closed lower with the Dow losing 48 points to 15,470 over the possibility that the Federal Reserve would begin to wind down its stimulus measures next month. Nasdaq fell 11 points to 3654.
On the upside
Tornier (Nasdaq: TRNX) widened second quarter losses but revenue climbed and the company forecast higher third quarter revenue.
Sapient (Nasdaq: SAPE) reported higher second quarter earnings that topped analyst estimates and forecast current quarter revenue ahead of expectations.
First quarter earnings more than tripled for Computer Sciences (NYSE: CSC) to surpass analyst expectations by a wide margin and lifted its full year earnings guidance.
On the downside
Profit taking sank shares of Stereotaxis (Nasdaq: STXS).
Ralph Lauren (NYSE: RL) reported lower first quarter earnings and a 1% drop in same store sales.
Goodrich Petroleum (NYSE: GDP) widened losses for the second quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 6 points to 1690.
