The nation's trade deficit climbed in April to send the markets tumbling during the midday with the Dow plunging 107 points to 15,146. Nasdaq fell 20 points to 3444.
On the upside
Monster Beverage (Nasdaq: MNST) reported that sales have been increasing at its annual shareholders meeting yesterday.
Nominees for the Morgan Hotel Group (Nasdaq: MHGC) board would explore strategic alternatives including the possible sale of the company.
Oi S.A. (NYSE: OIBR) replaced chief executive Jose Mauro Mettrau Carneiro da Cunha with Zeinal Abedin Mahomed Bava.
On the downside
Shares of SolarCity (Nasdaq: SCTY) continued falling ahead of the June 10, 2013 lockup expiration date.
Ryman Hospitality Properties (NYSE: RHP) blamed lower hotel bookings for cutting its full year adjusted funds from operations.
Retreating gold prices weighed down shares of Harmony Gold (NYSE: HMY).
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index dropped 11 points to 1628.
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