Consumer sentiment rose in early May but the markets opened lower with the Dow losing 36 points to 20,883 as investors monitored earnings. Nasdaq slipped 8 points to 6,107.
On the upside
Trade Desk (Nasdaq: TTD) swung to a profit for the first quarter as revenue soared.
Technical Communications (Nasdaq: TCCO) reversed year ago losses to post a profit for the first quart.
Shares of Sangamo Therapeutics (Nasdaq: SGMO) extended its gains.
On the downside
Ardelyx (Nasdaq: ARDX) reported positive results from a Phase 3 T3MPO-1 trial of tenapanor to treat patients with irritable bowel syndrome with constipation but the stock price fell.
CyberArk Software (Nasdaq: CYBR) reported higher first quarter earnings but the company forecast current quarter results below estimates.
J.C. Penney (NYSE: JCP) widened first quarter losses significantly.
The broader S&P 500 fell 6 points to 2,388. Bitcoin dropped $43 to $1759.
