Disappointing earnings weighed the markets down to a sharply lower open with the Dow plummeting 127 points to 20,815. Nasdaq tumbled 49 points to 6,079.
On the upside
Sangamo Therapeutics (Nasdaq: SGMO) entered an exclusive, global collaboration and license agreement with Pfizer (NYSE: PFE) to develop and commercialize gene therapy programs for Hemophilia A.
Himax Technologies (Nasdaq: HIMX) reported sharply lower first quarter earnings but the stock price rose.
Walter Investment Management (NYSE: WAC) swung a profit for the first quarter.
On the downside
Snap (NYSE: SNAP) reported a massive $2.2 billion loss for the first quarter.
Macy's (NYSE: M) disappointed with sharply lower first quarter earnings that fell far short of analyst expectations.
MannKind (Nasdaq: MNKD) reported a loss for the first quarter.
The broader S&P 500 dropped 15 points to 2,383. Bitcoin leaped $79 to $1808
