Mid-Afternoon Market Update: BioTelemetry Gains Following Strong Q1 Results; Twitter Shares Drop

Toward the end of trading Wednesday, the Dow traded up 0.16 percent to 18,019.12 while the NASDAQ declined 1.01 percent to 4,838.97. The S&P also fell, dropping 0.08 percent to 4,838.97.

On Wednesday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from

and

. In trading on Wednesday, technology shares fell by 1.18 percent. Meanwhile, top losers in the sector included

, down 7 percent, and

, down 8 percent.

reported weaker-than-expected earnings for its first quarter, but the company exceeded analysts' sales estimates. Boeing posted quarterly earnings of $1.22 billion, or $1.83 per share, down from $1.34 billion, or $1.87 per share, in the year-ago period. Its core earnings slipped to $1.74 per share from $1.97 per share. Its revenue increased around 2 percent to $22.63 billion. However, analysts were expecting earnings of $1.83 per share on revenue of $21.44 billion.

shares shot up 16 percent to $14.50 as the company reported stronger-than-expected Q1 results. Shares of

got a boost, shooting up 13 percent to $17.80 as the company reported better-than-expected results for its first quarter and issued a strong outlook for the current quarter.

shares were also up, gaining 17 percent to $31.81 after the Wall Street Journal reported the company is being eyed as a potential acquisition target. The Wall Street Journal, citing "people familiar with the matter," stated that

is in talks to acquire the movie studio for more than $3 billion.

shares dropped 16 percent to $14.90. Twitter reported better-than-expected earnings for its first quarter on Tuesday. However, the company reported weak quarterly revenue and issued a downbeat revenue forecast for the second quarter. Shares of

were down 12 percent to $127.89 as the company reported weaker-than-expected results for its first quarter on Tuesday.

was down, falling around 14 percent to $20.42 as the company reported a disappointing tax season. The company announced plans to lower 13 percent of its workforce. Oppenheimer downgraded H&R Block from Outperform to Perform.

In commodity news, oil traded up 2.70 percent to $45.23 while gold traded up 0.31 percent to $1,247.20. Silver traded up 0.76 percent Wednesday to $17.29, while copper fell 0.56 percent to $2.23.

European shares closed mostly higher today. The eurozone's STOXX 600 rose 0.29 percent, the Spanish Ibex Index climbed 0.53 percent, while Italy's FTSE MIB Index gained 0.43 percent. Meanwhile, the German DAX rose 0.39 percent, and the French CAC 40 gained 0.58 percent, while U.K. shares rose 0.56 percent.

U.S. trade gap in goods narrowed to $56.90 billion in March, versus a deficit of $62.86 billion in the previous month. Economists were expecting a deficit of $62.50 billion. The Pending Home Sales Index increased 1.4 percent to 110.5 in March. Economists projected a 0.5 percent growth. Crude oil supplies rose 2 million barrels for the week ended April 22, the U.S. Energy Information Administration reported. Economists were expecting a gain of 2.33 million barrels. Gasoline supplies surged 1.6 million barrels, while distillate stockpiles slipped 1.7 million barrels last week. The Fed left interest rates unchanged.