The markets traded lower during the midday with the Dow falling 40 points to 12,668 over concerns that Greece may default on its debt. Nasdaq edged up a fraction to 2785.
On the upside
BioLineRx (Nasdaq: BLRX) secured a worldwide, exclusive license agreement to develop and commercialize Genoscience's hepatitis C treatment BL-8020.
Second quarter earnings slipped for Western Digital (NYSE: WDC) due to floods in Thailand but the results beat analyst expectations and the company forecast current quarter results ahead of estimates.
VMware (NYSE: VMW) reported sharply higher fourth quarter earnings that topped analyst estimates and forecast first quarter results that beat expectations.
On the downside
CSX (NYSE: CSX) reported higher fourth quarter earnings but the results fell short of analyst expectations and the company announced that former chief operating officer Oscar Munoz replaced COO David A. Brown.
Second quarter net income slipped for Brinker International (NYSE: EAT).
Kansas City Southern (NYSE: KSU) reported sharply higher fourth quarter earnings but revenue fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 785.
