Markets lower as oil inventory rises

The markets traded lower during the midday with the Dow losing 18 points to 16,846 as the nation’s crude oil inventory rose. Nasdaq fell 13 points to 4,675.

On the upside

Shares of LSB Industries (NYSE: LXU) continued soaring.

Everyday Health (NYSE: EVDY) reported better than expected results for the fourth quarter.

Advaxis (Nasdaq: ADXS) was selected to present data from a Phase 2 study of axalimogene filolisbac.

On the downside

Investors locked in profits on Rovi (Nasdaq: ROVI).

Profit taking sank shares of Tableau Software (NYSE: DATA).

Monsanto (NYSE: MON) slashed its full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 1,976. Bitcoin lost $2 to $430.

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