The markets traded lower during the midday with the Dow losing 59 points to 16,654 as producer prices rose more than expected. Nasdaq slipped 8 points to 4,121.
On the upside
Summer Infant (Nasdaq: SUMR) reversed year ago losses to post an unexpected profit for the first quarter.
The lock-up period expired for zulily (Nasdaq: ZU) but the stock price climbed.
Criteo (Nasdaq: CRTO) will meet with Deutsche Bank today.
On the downside
Fossil Group (Nasdaq: FOSL) reported lower first quarter earnings and forecast current quarter results below analyst expectations.
First quarter earnings plunged for JGWPT Holdings (NYSE: JGW) as revenue fell.
Hydrogenics (Nasdaq: HYGS) priced its public offering of 1.5 million common shares at the discounted price of $15.00 per share.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 3 points to 1893. Bitcoin added $4.10 or 0.93% to $440.04.
