The markets traded lower during the midday with the Dow tumbling 80 points to 17,652 as import and export prices rose. Nasdaq dropped 20 points to 4,828.

On the upside

Yingli Green Energy (NYSE: YGE) reversed year ago losses to post a profit for the first quarter and modified its loan agreement.

Biostar Pharmaceuticals (Nasdaq: BSPM) shareholders elected five directors and appointed Mazars CPA as the company's independent registered public accounting firm.

Alibaba (NYSE: BABA) expects transaction volumes to top $912 billion by 2020.

On the downside

Dataram (Nasdaq: DRAM) will acquire US Gold.

Synchrony Financial (NYSE: SYF) warned of higher charge-off rates.

ArcelorMittal (NYSE: MT) will purchase up to $600 million principal amount of its outstanding notes.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 dropped 8 points to 2,070. Bitcoin plunged $25 to $665.