The markets extended its losses during the midday with the Dow dropping 76 points to 16,453 even as the nation's trade deficit narrowed. Nasdaq fell 22 points to 4,115.
On the upside
Swift Energy (NYSE: SFY) will jointly develop the Fasken Eagle Ford shale with PT Saka Energi Indonesia.
LeapFrog (NYSE: LF) reported a smaller than expected loss for the first quarter.
First quarter earnings fell for Exterran Holdings (NYSE: EXH) but the results were better than expected.
On the downside
Solazyme (Nasdaq: SZYM) widened first quarter losses more than expected.
YY (Nasdaq: YY) reported sharply higher first quarter earnings and revenue that more than doubled from last year and announced a $100 million stock repurchase plan but the stock price fell.
Investors locked in profits on Hyperdynamics (NYSE: HDY).
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 lost 7 points to 1877. Bitcoin eased $0.69 or 0.16% to $427.71.
