The markets recovered early morning losses but continued trading lower with the Dow losing 22 points to 15,216 as wholesale inventories edged up in April. Nasdaq fell 11 points to 3462.
On the upside
Shares of SGOCO Group (Nasdaq: SGOC) continued soaring after reporting yesterday sharply higher first quarter earnings that nearly doubled as revenue surged.
On the downside
Kinross Gold (NYSE: KGC) ended development of the Fruta del Norte project in Ecuador and will take a $720 million charge in the second quarter.
Navistar International (NYSE: NAV) widened losses for the second quarter as revenue tumbled.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than to 1 on Nasdaq. The broader S&P 500 index fell 6 points to 1635.