The markets extended its losses during the midday with the Dow tumbling 72 points to 16,496 even as the nation’s services sector expanded. Nasdaq fell 14 points to 4369.
On the upside
Giga-tronics (Nasdaq: GIGA) narrowed first quarter losses as revenue surged.
Jamba (Nasdaq: JMBA) reported flat earnings that surpassed analyst expectations.
Bargain hunters lifted shares of Telephone & Data Systems (NYSE: TDS).
On the downside
LeapFrog Enterprises (NYSE: LF) widened first quarter losses as revenue plunged.
Quicksilver Resources (NYSE: KWK) fell to a loss for the second quarter as revenue dropped.
Allot Communications (Nasdaq: ALLT) narrowed losses for the second quarter but the results fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 fell 9 points to 1929. Bitcoin slipped $3 to $580.
