The markets closed modestly lower with the Dow slipping 5 points to 16,995 as crude oil prices retreated. Nasdaq lost 12 points to 4,662.
On the upside
First quarter earnings for Yirendai (NYSE: YRD) doubled as revenue surged to surpass analyst expectations by a wide margin.
24/7 Wall St. wrote that United States Steel (NYSE: X) was poised for a potential rally.
Party City (NYSE: PRTY) reported better than expected earnings for the fourth quarter.
On the downside
Infosonics (Nasdaq: IFON) fell to a loss for the fourth quarter as revenue tumbled.
Omega Protein (Nasdaq: OME) disappointed with lower fourth quarter earnings and revenue that fell far short of analyst expectations.
Fourth quarter earnings and revenue tumbled for Raven Industries (Nasdaq: RAVN).
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 1,989. Bitcoin rose $2 to $415.
