Markets mixed at midday

The markets traded mixed during the midday with the Dow rising 16 points to 17,004 while Nasdaq tumbled 50 points to 4,517 ahead of the Federal Reserve's policy meeting tomorrow.

On the upside

Former Alere (NYSE: ALR) chief executive Ron Zwanziger offered to buy the company for a premium of approximately $3.82 billion.

Molson Coors Brewing (NYSE: TAP) stock climbed after Heineken received an acquisition offer.

A record number of preorders for the iPhone 6 and iPhone 6 Plus (Nasdaq: AAPL) lifted shares of cashless payment solutions company On Track Innovations (Nasdaq: OTIV).

On the downside

The Securities and Exchange Commission is investigating Bankrate's (NYSE: RATE) 2012 financial reporting. Bankrate appointed Steven Barnhart as interim chief financial officer effective immediately.

Orexigen Therapeutics (Nasdaq: OREX) extended its losses.

Investors continued to lock in profits on SinoCoking Coal and Coke Chemical Industries (Nasdaq: SCOK).

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 slipped 4 points to 1981. Bitcoin held steady at $471.
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