The markets traded mixed during the midday with the Dow falling 56 points to 10,599 as investors monitored a potential Greek bankruptcy. The launch of Apple's latest iPhone lifted technology stocks with Nasdaq climbing 34 points to 2370.
On the upside
Bargain hunters lifted shares of Patriot Coal (NYSE: PCX), whose stock price dropped last week.
The Food and Drug Administration granted Transcept Pharmaceuticals (Nasdaq: TSPT) a shorter review period for its insomnia treatment Intermezzo.
Polycom (Nasdaq: PLCM) introduced its new Soundstation Duo conference phone that works with analog networks as well as Voice over IP environments.
On the downside
Shares of Gentiva Health (Nasdaq: GTIV) and Amedisys (NYSE: AMED) continued falling after a Senate panel found that the home health care companies provided medically unnecessary treatment to Medicare patients.
Retreating silver prices weighed down shares of Endeavour Silver (NYSE: EXK).
Shares of AT&T (NYSE: T) fell on reports that Sprint (NYSE: S) will offer Apple's (Nasdaq: AAPL) iPhone.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE while advancers edged out decliners by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 12 points to 621.
