Mixed markets at midday as crude oil slips

The markets retreated during the midday to trade mixed with the Dow rising 38 points to 16,375 as crude oil prices slipped. Nasdaq lost 4 points to 4,499.


On the upside


Roadrunner Transportation Systems (NYSE: RRTS) reported better than expected earnings for the fourth quarter.


Cascade Microtech (Nasdaq: CSCD) will be acquired by FormFactor (Nasdaq: FORM) for a premium of approximately $352 million in cash and stock.


JP Morgan downgraded Petrobras (NYSE: PBR) from a Neutral rating to an Underperform rating but the stock price climbed.


On the downside


Pacific Biosciences of California (Nasdaq: PACB) reported a loss for the fourth quarter.


The Mexican tax authority filed a legal claim against Primero Mining (NYSE: PPP) subsidiary Primero Empresa Minera to nullify a 2012 Advance Pricing Agreement.


Resolute Forest Products (NYSE: RFP) widened fourth quarter losses more than expected.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added a point to 1,914. Bitcoin soared $17 to $386.

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