Markets Are Down
U.S. stocks are taking their lead from international markets, which are also lower, with Germany's DAX down 0.9% and London's FTSE down 0.5%.
The biggest story of the day is from the U.S. political arena, as Republican House Majority Leader Eric Cantor lost his primary election in Virginia last night. Its one of the most surprising losses in recent U.S. politics, and may spell bad news for Cantor's supporters on Wall Street.
Treasuries edged up for the second session in the last 10 days.
There were no major economic reports from the U.S. this morning.
In Europe, unemployment in the U.K. fell to a 5-year low of 6.6%.
In corporate news, touchscreen maker Synaptics is up 19% after announcing plans to acquire Renesas SP Drivers for $475 million. The company also raised its fourth quarter revenue outlook to $300 million to $310 million from $275 million to $295 million.
Beauty products retailer Ulta Salon is also up 11% after reporting better than expected first quarter results.