Drop in durable goods orders weighs down markets

The markets closed lower with the Dow dropping 78 points to 16,201 as durable goods orders fell. Nasdaq lost 18 points to 4,734.

On the upside

Worthington Industries (NYSE: WOR) reported better than expected earnings for the first quarter.

Rising gold prices lifted shares of Agnico Eagle Mines (NYSE: AEM).

Shares of Banco Bradesco (NYSE: BBD) recovered in late afternoon trading to close modestly higher.

On the downside

Profit taking weighed down shares of WaferGen Bio-systems (Nasdaq: WGBS).

Energy Transfers Equity (NYSE: ETE) revised its offer to acquire Williams Cos. (NYSE: WMB).

SunOpta (Nasdaq: STKL) amended its credit agreement.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 fell 6 points to 1,932. Bitcoin held steady at $232.

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