The markets traded lower during the midday with the Dow falling 80 points to 16,090 as corporate earnings disappointed. Nasdaq lost 20 points to 4033.
On the upside
Shares of Phibro Animal Health (Nasdaq: PAHC) climbed in its market debut.
Zacks Equity Research noted that Thompson Creek Metals (NYSE: TC) had potential to continue climbing.
Diamondback Energy (Nasdaq: FANG) reported a 30% increase in first quarter production prompting Mizhuo Financial to lift its price target from $74 to $80.
On the downside
Wall St. Cheat Sheet recommended that investors sell J.C. Penney (NYSE: JCP) stock.
Datawatch (Nasdaq: DWCH) warned of losses for the second quarter.
TTM Technologies (Nasdaq: TTMI) updated its first quarter revenue guidance to the low end of its previous forecast.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 7 points to 1825. Bitcoin climbed $44.04 or 11.86% to $415.42.
