Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plummeting 157 points to 17,942. Nasdaq slipped 5 points to 5,213.
On the upside
First quarter earnings slipped for Infosys (NYSE: INFY) but revenue rose and the company lifted its full year guidance.
Caesars Entertainment (Nasdaq: CZR) restructured its agreement with second-lien note holders.
Sanmina (Nasdaq: SANM) reported higher third quarter earnings and topped analyst estimates prompting and upgrade.
On the downside
CytRx (Nasdaq: CYTR) priced its public offering of 9.1 million common shares at the discounted price of $2.75 per share.
Lexmark International (NYSE: LXK) fell to a loss for the second quarter on lower revenue and forecast current quarter earnings below estimates.
Albertsons terminated its contract with United Natural Foods (Nasdaq: UNFI) effective September 20, 2015 prompting a downgrade.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 3 points to 2124. Bitcoin added $2 to $277.
