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Fossil plunged to lead the S&P 500 laggards after the fashion accessories maker slashed its full-year guidance amid weakness in Europe and costs related to the acquisition of Danish watchmaker Skagen.
HSBC beat expectations with an underlying profit of almost $7 billion in the first quarter thanks to a rebound in investment banking income and a fall in U.S. bad debts. Meanwhile, First Bank posted a narrower quarterly loss on a lower provision for loan and lease losses.
Wynn Resorts posted quarterly results that missed estimates after robust growth in Macau failed to make up for lagging Las Vegas revenue.
Treasury price held their gains after the government auctioned $32 billion in 3-year notes at a high yield of 0.362 percent and a bid-to-cover of 3.65.
—Follow JeeYeon Park on Twitter: @JeeYeonParkCNBC —
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