The markets closed lower with the Dow falling 64 points to 23,526 as Federal Reserve minutes indicate a likely rate increase. Nasdaq added 4 points to 6,867.

On the upside

Copart (Nasdaq: CPRT) reported better than expected earnings for the first quarter as revenue climbed.

Shares of Xunlei (Nasdaq: XNET) climbed for the third day.

Shares of cybersecurity firm SailPoint (NYSE: SAIL) climbed after Uber revealed a massive data breach last year that compromised the personal information of 57 million customers and drivers.

On the downside

A move by China to halt the expansion of online micro lenders sent shares of Qudian (NYSE: QD) tumbling.

Iconix Brand Group (Nasdaq: ICON) will be removed from the S&P SmallCap 600.

Baozun (Nasdaq: BZUN) reported higher third quarter earnings and revenue but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 eased a point to 2,597. Bitcoin leaped $209 to $8,187.