Mid-Morning Market Update: Markets Open Lower; Boeing Earnings Miss Views

Following the market opening Wednesday, the Dow traded down 0.12 percent to 17,968.03 while the NASDAQ declined 0.71 percent to 4,853.74. The S&P also fell, dropping 0.05 percent to 2,090.59. Leading and Lagging SectorsOn Wednesday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Ocean Rig UDW Inc (NASDAQ: ORIG) and Approach Resources Inc. (NASDAQ: AREX). In trading on Wednesday, technology shares fell by 0.82 percent. Meanwhile, top losers in the sector included Apple Inc. (NASDAQ: AAPL), down 7 percent, and NCR Corporation (NYSE: NCR), down 5 percent.Top HeadlineBoeing Co (NYSE: BA) 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.Equities Trading UP BioTelemetry, Inc. (NASDAQ: BEAT) shares shot up 18 percent to $14.76 as the company reported stronger-than-expected Q1 results.Shares of Amyris Inc (NASDAQ: AMRS) got a boost, shooting up 23 percent to $1.32. Amyris has signed a 5-year supply agreement with leading global nutraceuticals company. Dreamworks Animation Skg Inc (NASDAQ: DWA) shares were also up, gaining 15 percent to $31.16 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 Comcast Corporation (NASDAQ: CMCSA) is in talks to acquire the movie studio for more than $3 billion.Equities Trading DOWN Twitter Inc (NYSE: TWTR) shares dropped 15 percent to $15.03. 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 Buffalo Wild Wings (NASDAQ: BWLD) were down 14 percent to $123.90 as the company reported weaker-than-expected results for its first quarter on Tuesday. Apple Inc. (NASDAQ: AAPL) was down, falling around 7 percent to $96.71 as the company reported downbeat results for its second quarter and issued a weak sales forecast for the third quarter. iPhone sales came out at 51.2 million, about 1 million above estimates but was the first sales decline in the product's history. The company's board increased its share buyback program to $175 billion and announced a 10 percent increase to quarterly dividend.CommoditiesIn commodity news, oil traded up 2.41 percent to $45.10 while gold traded up 0.50 percent to $1,249.60. Silver traded up 1.52 percent Wednesday to $17.42, while copper fell 0.33 percent to $2.24.EurozoneEuropean shares were mostly higher today. The eurozone's STOXX 600 rose 0.37 percent, the Spanish Ibex Index climbed 0.56 percent, while Italy's FTSE MIB Index gained 0.20 percent. Meanwhile, the German DAX rose 0.45 percent, and the French CAC 40 gained 0.39 percent, while U.K. shares fell 0.17 percent.EconomicsU.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.The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.