A drop in crude oil prices weighed the markets down to a lower close with the Dow losing 37 points to 18,495. Nasdaq dropped 20 points to 5,204.
On the upside
DXP Enterprises (Nasdaq: DXPE) reported an unexpected profit for the second quarter.
Walter Investment Management (NYSE: WAC) named Anthony Renzi to the position of president and chief executive officer.
Healthways (Nasdaq: HWAY) reported a smaller than expected loss for the second quarter.
On the downside
Seeking Alpha expects Nymox Pharmaceutical's (Nasdaq: NYMX) stock price to drop to zero and recommended that investors short the stock.
Tidewater (NYSE: TDW) widened first quarter losses more than expected and warned that it may file for Chapter 11 bankruptcy protection.
Orbital ATK (NYSE: OA) blamed accounting errors for delaying the release of its second quarter results and will have to restate financials for the previous fiscal year, the nine month transition period ended December 31, 2015 as well as the quarters in the transition period.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 fell 6 points to 2,175. Bitcoin climbed $8 to $591.
