Market Overview

Morning Market Losers

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Ascena Retail Group Inc (NASDAQ: ASNA) shares dipped 13.53 percent to $14.15 after the company lowered its earnings forecast for the full year.

MPLX LP (NYSE: MPLX) shares dropped 11.63 percent to $61.02. MPLX LP announced its plans to buy Markwest Energy Partners LP (NYSE: MWE) for around $15.63 billion.

Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ: KONE) declined 7.76 percent to $5.35. On Friday, Kingtone Wirelessinfo posted net income of $2.6 million, or $1.87 per share, for the six months ended March 31, 2015, versus a year-ago net loss of $0.7 million, or $0.49 per share.

Windstream Holdings, Inc. (NASDAQ: WIN) shares slipped 4.93 percent to $5.40. UBS downgraded Windstream Holdings from Neutral to Sell.

Seagate Technology PLC (NASDAQ: STX) dropped 2.33 percent to $44.88 after the company lowered its Q4 sales forecast.

ARM Holdings plc (ADR) (NASDAQ: ARMH) shares declined 1.03 percent to $46.93. JP Morgan downgraded ARM Holdings from Neutral to Underweight and lowered the price target from $42.75 to $41.50.

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