Disappointing earnings weighed the markets down to a lower close with the Dow falling 31 points to 21,580. Nasdaq lost 2 points to 6,387.

On the upside

Wipro (NYSE: WIT) announced plans to repurchase 343.75 million shares of company stock.

Synchrony Financial (NYSE: SYF) reported higher second quarter earnings and revenue that topped expectations.

Shares of PetIQ (Nasdaq: PETQ) surged on its first trading day.

On the downside

Pernix Therapeutics (Nasdaq: PTX) warned of lower second quarter revenue.

Goldman Sachs downgraded Fairmount Santrol Holdings (Nasdaq: FMSA) from a Neutral rating to a Sell rating and slashed its price target from $11 to $2.

Manhattan Associates (Nasdaq: MANH) reported lower second quarter earnings and revenue and cut its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 eased a fraction to 2,472. Bitcoin tumbled $66 to $2606.