Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plummeting 102 points to 16,399. Nasdaq plunged 45 points to 4,103.
On the upside
Weatherford International (NYSE: WFT) fell to a loss for the first quarter but the results were better than expected.
Lattice Semiconductor (Nasdaq: LSCC) reported higher first quarter earnings and revenue that topped analyst expectations and forecast current quarter revenue ahead of estimates.
Synaptics (Nasdaq: SYNA) fell to a loss for the third quarter but the results beat analyst expectations prompting an upgrade.
On the downside
Cytokinetics (Nasdaq: CYTK) reported disappointing results from a mid-stage clinical trial of its Lou Gehrig's disease treatment tirasemtiv.
Yingli Green Energy (NYSE: YGE) priced its follow-on public offering of 25 million American Depositary Shares at the discounted price of $3.50 per ADS.
Concerns of more government regulation in Russia sent shares of Yandex (Nasdaq: YNDX) tumbling.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 fell 9 points to 1869. Bitcoin dropped $43.09 or 9.61% to $448.57.
