Uncertainty over the lack of details from the Trump administration's tax cut plan weighed the markets down to a lower close with the Dow losing 21 points to 20,975. Nasdaq held steady at 6,025.
On the upside
iRobot (Nasdaq: IRBT) reported higher first quarter earnings and revenue.
Sonus Networks (Nasdaq: SONS) reported a smaller than expected loss for the first quarter.
Fiat Chrysler (NYSE: FCAU) reported higher first quarter earnings and revenue that surpassed analyst expectations.
On the downside
Flexion Therapeutics (Nasdaq: FLXN) will offer $125 million principal amount of convertible senior notes.
Concerns about weakening demand for fiber-optic components in China weighed down shares of Oclaro (Nasdaq: OCLR).
Natus Medical (Nasdaq: BABY) disappointed with sharply lower first quarter earnings that missed expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped a point to 2,387. Bitcoin climbed $16 to $1281.
