Lower open as crude oil retreats

The markets opened lower with the Dow losing 20 points to 18,232 as crude oil prices retreated. Nasdaq fell 12 points to 5,038.

On the upside

BSQUARE (Nasdaq: BSQR) reported higher first quarter earnings and revenue.

Shares of Oncothyreon (Nasdaq: ONTY) continued rising.

Avis Budget Group (Nasdaq: CAR) stock advanced again on Wednesday’s announcement that the company would be the exclusive car rental partner for Pebble Beach Resorts.

On the downside

El Pollo Loco (Nasdaq: LOCO) reported higher first quarter earnings and revenue but investors were disappointed with the company’s full year earnings guidance.

Bloomberg reported that Keurig Green Mountain (Nasdaq: GMCR) would roll out its new Keurig Kold cold brewing system more slowly than anticipated.

Standard & Poor’s Ratings Services cut the corporate credit rating on SandRidge Energy (NYSE: SD) from B to CCC+.
 
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 eased a fraction to 2120. Bitcoin added $1 to $238.

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