Concerns that the strong job market will prompt the Federal Reserve to raise interest rates weighed the markets down during the midday with the Dow losing 43 points to 17,841. Nasdaq fell 14 points to 4,750.
On the upside
Shares of Columbia Pipeline Partners (NYSE: CPPL) surged on its first trading day.
Cambrex (NYSE: CBM) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin and forecast full year earnings ahead of expectations.
Ubiquiti Networks (Nasdaq: UBNT) reported higher second quarter earnings and revenue that beat expectations.
On the downside
Rentrak (Nasdaq: RENT) widened losses for the third quarter.
DeVry Education (NYSE: DV) disappointed with lower second quarter earnings and revenue.
Maxwell Technologies (Nasdaq: MXWL) narrowed losses for the first quarter but the company forecast current quarter that missed analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 3 points to 2059. Bitcoin rose $4 to $220.
