Markets mixed as investors mull over data

The markets recovered early morning losses to trade mixed during the midday with the Dow slipping 3 points to 16,268 over expectations that weak economic data will delay an interest rate increase. Nasdaq rose 9 points to 4,636.

On the upside

CalAmp (Nasdaq: CAMP) reported higher second quarter earnings and revenue that topped analyst estimates.

Fourth quarter earnings and revenue for Micron Technology (Nasdaq: MU) surpassed expectations.

Bargain hunters lifted shares of Twitter (Nasdaq: TWTR).

On the downside

Oppenheimer downgraded Horsehead (Nasdaq: ZINC) from an Outperform rating to a Perform rating.

Third quarter revenue for Progress Software (Nasdaq: PRGS) fell short of expectations.

Morgan Stanley downgraded Diplomat Pharmacy (NYSE: DPLO) from an Overweight rating to an Equal Weight rating.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 held steady at 1,923 Bitcoin held steady at $236.
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