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Markets Extend Losses At Midday

The markets extended its losses during the midday with the Dow plunging 108 points to 16,393. Nasdaq plummeted 52 points to 4,096.

On the upside

Third quarter earnings slipped for DeVry Education Group (NYSE: DV) but the results beat expectations.

Healthways (Nasdaq: HWAY) reported a smaller than expected loss for the first quarter as revenue rose.

Newpark Resources (NYSE: NR) reported sharply higher first earnings.

On the downside

Pandora (NYSE: P) narrowed losses for the first quarter but the Internet radio service provider forecast current quarter results that fell short of analyst expectations.

Fourth quarter earnings slipped for CommVault Systems (Nasdaq: CVLT) as revenue fell short of expectations.

CalAmp (Nasdaq: CAMP) disappointed with sharply lower fourth quarter earnings that missed analyst estimates and forecast current quarter results below expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 dropped 12 points to 1866. Bitcoin fell $40.41 or 8.96% to $451.25.

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