Midday Report: Barnes & Noble Nook Sales Tumble; ECB Drags on Wall Street

Stocks remained in the red, though off the day's lows, after the European Central Bank left rates unchanged. The ECB's decision to maintain its monetary policy initially disappointed markets. Crude oil prices held higher after a steep and unexpected decline in domestic inventories over the past week. A supply glut in the U.S. and ballooning production overseas have pressured crude prices for more than a year. Barnes & Noble (BKS) - Get Report slumped after slashing its full-year guidance following a quarterly sales decline. Sales of its Nook e-reader over its recent quarter tumbled 25%, while overall revenue dropped nearly 7%. Ford (F) - Get Report reduced its earnings forecast for the full year as vehicle recalls mount. Ford has recalled 2.4 million vehicles for issues related to a defective door latch.