U.S. stocks ended April on a sour note, as the major market averages all declined more than 1%. The Nasdaq Composite was the big loser Thursday, falling 1.65%. The Dow Jones Industrial Average followed by losing 1.1%, or 195 points, and the S&P 500 fell just over 1%.
Technology, health care, utility and consumer discretionary names led the way lower on the session. Yelp (YELP) was the big loser on Thursday, declining 23% on a lower sales outlook. Elsewhere, gold fell nearly 2%, crude oil added more than 1% to recent gains and the U.S. dollar index dropped for the seventh straight session, declining 0.45%.
In after-hours action, LinkedIn (LNKD) is the big loser. The stock is down 25% after quarterly sales missed expectations and management cut full-year guidance. On the other hand, Expedia (EXPE) is trading 7% higher on a higher sales outlook.
Elsewhere, Altera (ALTR) is up more than 4% on story from Reuters saying that Intel (INTC) had discussed offering $58 per share for the company. Altera ended the regular trading session Thursday at $41.68. FireEye (FEYE), Gilead (GILD) and Skyworks Solutions (SWKS) are all trading higher after posting better-than-expected quarterly results.
Looking ahead to Friday morning, CBOE (CBOE), Chevron (CVX), Clorox (CLX), CVS Health (CVS) and Newell Rubbermaid (NWL) headline the earnings calendar.