Markets extend losses at midday

Corporate earnings news continued to weigh on investors. The markets extended its losses during the midday with the Dow falling 45 points to 17,937. Nasdaq plunged 59 points to 4,886.


On the upside


Bargain hunters snapped up shares of Sarepta Therapeutics (Nasdaq: SRPT).


Pacific Biosciences of California (Nasdaq: PACB) narrowed losses more than expected for the first quarter.


Parnell Pharmaceuticals (Nasdaq: PARN) reported sharply higher first quarter sales.

On the downside


Southcross Energy (NYSE: SXE) hosted a conference call this morning to discuss fourth quarter and full year financial results.


Profit taking weighed down shares of Uni-Pixel (Nasdaq: UNXL).


Shares of Harmony Gold (NYSE: HMY) fell as gold prices retreated.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 fell 7 points to 2,083. Bitcoin slipped $2 to $443.

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