Retail sales climbed by a greater than expected 1.3% in April but crude oil prices slipped. The markets opened mixed with the Dow falling 43 points to 17,677 while Nasdaq added 2 points to 4,739.
On the upside
Nvidia (Nasdaq: NVDA) reported higher first quarter earnings and revenue that topped analyst estimates prompting upgrades.
Shake Shack (NYSE: SHAK) reversed year ago losses to post a greater than expected profit for the first quarter and forecast full year revenue ahead of estimates.
On the downside
ConforMIS (Nasdaq: CFMS) widened losses for the first quarter and cut its full year revenue forecast.
Nordstrom (NYSE: JWN) disappointed with sharply lower first quarter earnings that fell short of expectations and lowered its full year guidance.
Exco Resources (NYSE: XCO) formed a special committee to explore strategic alternatives.
J.C. Penney (NYSE: JCP) reported a loss for the first quarter as revenue missed expectations and the retailer lowered its margin guidance.
In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 lost 4 points to 2,059. Bitcoin added $1 to $453.
