Markets flat as economic growth slows

The markets traded near the flatline during the midday with the Dow slipping a point to 17,676 as economic growth in the fourth quarter slowed. Nasdaq rose 11 points to 4,874.

On the upside

Shares of Kraft Foods (Nasdaq: KRFT) continued climbing.

BlackBerry (Nasdaq: BBRY) reported an unexpected profit for the fourth quarter.

Fourth quarter earnings rose for Oxford Industries (NYSE: OXM) to beat analyst expectations.

On the downside

Falling steel consumption in China weighed down shares of Gerdau (NYSE: GGB).

Applied DNA Sciences (Nasdaq: APDN) priced its public offering of 3.82 million common shares at the discounted price of $3.00 per share.

Shares of SandRidge Energy (NYSE: SD) fell as crude oil prices retreated.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 edged up a fraction to 2057. Bitcoin added $1 to $247.
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