A 0.6% drop in industrial output weighed down the markets to a lower close with the Dow losing 28 points to 17,897. Nasdaq slipped 7 points to 4,938.
On the upside
Regions Financial (NYSE: RF) reported higher first quarter earnings and revenue that topped analyst estimates.
Transocean (NYSE: RIG) will release first quarter financials on May 4, 2016 after market close.
Sprint (NYSE: S) launched its LTE Plus Network in New York City and 190 other markets across the nation.
On the downside
Performance Sports Group (NYSE: PSG) widened third quarter losses more than expected as revenue fell.
Citigroup downgraded Stratasys (Nasdaq: SSYS) from a Buy rating to a Neutral rating.
Regulus Therapeutics (Nasdaq: RGLS) reported additional interim data for an ongoing Phase II study of its hepatitis C treatment RG-101 but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners were on par with advancers on Nasdaq. The broader S&P 500 slipped 2 points to 2,080. Bitcoin added $5 to $427.
