An unexpected gain in first time applications for unemployment benefits sent the markets down to a lower open with the Dow falling 43 points to 17,025. Nasdaq lost 9 points to 4,576.

On the upside

Second quarter earnings slipped for Lululemon Athletica (Nasdaq: LULU) but the results were better than expected prompting the company to lift its full year guidance.

JDS Uniphase (Nasdaq: JDSU) will split into two publicly traded companies.

Energy Focus (Nasdaq: EFOI) received an order from the U.S. Navy valued at approximately $7.7 million, the single largest order that the company has ever received.

On the downside

Shares of 21Vianet Group (Nasdaq: VNET) continued falling.

E2open (Nasdaq: EOPN) lowered its full year outlook saying that three significant clients will not renew their contracts and a fourth will delay implementation until next year.

The Food and Drug Administration approved Orexigen Therapeutics’ (Nasdaq: OREX) obesity treatment Contrave but concerns about health insurance reimbursements weighed down the stock.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 4 points to 1991. Bitcoin lost $3 to $473.