Priceline.com and Orbitz see steep declines as the European travel business falls under scrutiny.
Stocks are up modestly after paring morning losses.
The entertainment giant tops earnings expectations but misses on revenue, and the US dairy company announces a spinoff.
The entertainment giant is due to report after the close, and the satellite radio company's result topped expectations.
Sirius XM is upgraded to 'equal weight' at Barclays, while Tim Hortons is downgraded to 'sell' at Goldman.
Despite global growth concerns, Citigroup likes Amazon, Priceline and LinkedIn as its top three large cap Internet names for the second-quarter.
Agricultural plays and gun makers are performing exceptionally well right now.
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