A drop in pending home sales sent the markets down to a lower open with the Dow dropping 68 points to 20,960. Nasdaq tumbled 31 points to 6,172.
On the upside
Hertz Global Holdings (NYSE: HTZ) announced a $1 billion private offering of senior second priority secured notes.
J.Jill (NYSE: JILL) reported higher first quarter earnings and revenue.
Perrigo (NYSE: PRGO) reversed year ago losses to post a greater than expected profit for the first quarter.
On the downside
Michael Kors (NYSE: KORS) fell to a greater than expected loss for the fourth quarter.
Investors locked in profits on China New Borun (NYSE: BORN).
Bank of America (NYSE: BAC) introduced its Mobile Car Shopping Service app that integrates online shopping and financing for cars but the stock price dropped.
The broader S&P 500 fell 6 points to 2,406. Bitcoin lost $7 to $2200.
