The markets sank during the midday with the Dow plunging 117 points to 15,731 as corporate earnings disappointed. Nasdaq fell 21 points to 4101.
On the upside
Accuray (Nasdaq: ARAY) narrowed second quarter losses as revenue climbed and raised its full year revenue forecast.
Tyson Foods (NYSE: TSN) reported sharply higher first quarter earnings and revenue that beat analyst expectations.
Chipotle Mexican Grill (NYSE: CMG) reported higher fourth quarter earnings and revenue that surpassed estimates.
On the downside
Fourth quarter earnings surged for Amazon (Nasdaq: AMZN) but the results fell short of analyst expectations.
DFC Global (Nasdaq: DLLR) disappointed with sharply lower second quarter earnings as revenue fell prompting the financial services company to lower its full year earnings outlook.
Shares of Intrawest Resorts (NYSE: SNOW) fell on its first trading day.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 8 points to 1785. Bitcoin slipped $7.99 or 0.85% to $935.00.
