The nation's trade deficit narrowed in March but the markets opened lower with the Dow dropping 88 points to 23,836 as trade talks between the U.S. and China begin. Nasdaq fell 35 points to 7065.
On the upside
First quarter earnings surged for Exelixis (Nasdaq: EXEL) as revenue more than doubled.
DexCom (Nasdaq: DXCM) narrowed first quarter losses as revenue rose.
Tableau Software (NYSE: DATA) narrowed losses for the first quarter on higher revenue.
On the downside
Cardinal Health (NYSE: CAH) disappointed with lower third quarter earnings that fell short of expectations prompting the company to lower its full year forecast.
First quarter earnings for Laredo Petroleum (NYSE: LPI) missed analyst estimates.
Spotify Technology (NYSE: SPOT) reported a greater than expected loss for the first quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 7 points to 2,628. Bitcoin climbed $134 to $9,354.