Producer prices jumped more than expected to send the markets tumbling to a sharply lower close with the Dow plummeting 101 points to 16,613. Nasdaq dropped 29 points to 4,100.
On the upside
Shares of Spherix (Nasdaq: SPEX) surged ahead of its business update conference call on Friday, May 16.
bluebird bio (Nasdaq: BLUE) narrowed first quarter losses on a per share basis as revenue surged.
SunOpta (Nasdaq: STKL) reported higher first quarter earnings that surpassed analyst expectations as revenue climbed.
On the downside
Enzymotec (Nasdaq: ENZY) reported higher first quarter earnings but revenue fell short of analyst expectations.
BG Medicine (Nasdaq: BGMD) narrowed first quarter losses but revenue dropped to fall far short of expectations.
First quarter earnings and revenue soared for Insys Therapeutics (Nasdaq: INSY) but the results missed analyst estimates.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 fell 8 points to 1888. Bitcoin added $7.69 or 1.73% to $443.63.
