The markets traded lower during the midday with the Dow losing 32 points to 14,686 as corporate earnings disappointed. Nasdaq slipped 6 points to 3262.
On the upside
First Solar (Nasdaq: FSLR) sold the 139-megawatt Campo Verde Solar Project in Imperial County, California to Southern Power and Turner Renewable Energy.
Lumber Liquidators (NYSE: LL) reported sharply higher first quarter earnings that nearly doubled to surpass analyst expectations by a wide margin as revenue climbed.
Boyd Gaming (NYSE: BYD) fell to a loss for the first quarter but the results were better than expected.
On the downside
Juniper Networks (NYSE: JNPR) reported higher first quarter earnings but the company forecast current quarter results below expectations.
First quarter earnings rose for AT&T (NYSE: T) but revenue dropped as cellphone subscribers fell.
Proctor & Gamble (NYSE: PG) reported higher third quarter earnings that topped analyst estimates but the company forecast current quarter earnings that missed expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index added a point to 1579.
