Lower open on disappointing nonfarm payrolls

Nonfarm payrolls rose less than expected in April to weigh the markets down to a lower open with the Dow losing 65 points to 23,865. Nasdaq fell 23 points to 7065.

On the upside

Shake Shack (NYSE: SHAK) reported higher first quarter earnings and revenue that beat expectations prompting the company to lift its full year forecast.

The Food and Drug Administration approved Portola Pharmaceuticals' (Nasdaq: PTLA) Andexxa.

Live Nation Entertainment (NYSE: LYV) reported a smaller than expected loss for the first quarter as revenue rose.

On the downside

AMN Healthcare Services (NYSE: AMN) reported higher first quarter earnings and revenue but the stock price tumbled.

Fluor (NYSE: FLR) fell to an unexpected loss for the first quarter prompting the company to lower its full year earnings guidance.

Arista Networks (NYSE: ANET) reported higher first quarter earnings that topped estimates but investors were disappointed that the company's current quarter forecast merely met expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 lost 8 points to 2,621. Bitcoin added $13 to $9,668.

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