After setting new records last week, the markets closed modestly lower with the Dow losing 19 points to 15,335 on profit taking. Nasdaq slipped 2 points to 3496.
On the upside
Upbeat earnings from JA Solar (Nasdaq: JASO) lifted shares of LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).
A Seeking Alpha contributor expects Walter Energy (NYSE: WLT) stock to rise.
BOC International upgraded E-Commerce China Dangdang (NYSE: DANG) to a Buy rating from Hold.
On the downside
Sangamo BioSciences (Nasdaq: SGMO) reported positive results for its In Vivo Replacement Platform in a mouse model but the stock price dropped.
Investors locked in profits on Comstock Holding (Nasdaq: CHCI).
Raven Industries (Nasdaq: RAVN) disappointed with lower first quarter earnings as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index eased a point to 1666.
