Drop in crude oil prices weighs down markets

Crude oil prices slipped to weigh the markets down to a lower close with the Dow falling 20 points to 21,008. Nasdaq lost 4 points to 6,198.


On the upside


Vera Bradley (Nasdaq: VRA) reported a smaller than expected loss for the first quarter.


Needham resumed coverage of Control4 (Nasdaq: CTRL) with a Buy rating.


Frontline (NYSE: FRO) reported better than expected results for the first quarter.


On the downside


Profit taking weighed down shares of NII Holdings (Nasdaq: NIHD).


Denbury Resources (NYSE: DNR) will pay $71.5 million subsidiaries of Linn Energy to acquire their 23% non-operated the working interest in Salt Creek Field in Wyoming.

Canaccord downgraded iRobot (Nasdaq: IRBT) from a Buy rating to a Hold rating and set a $90 price target.


The broader S&P 500 eased a point to 2,411. Bitcoin soared $56 to $2264.


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