Mixed corporate earnings news weighed the markets down during the midday with the Dow slipping 9 points to 16,995. Nasdaq fell 23 points to 4,540.
On the upside
Shares of Shell Midstream Partners (NYSE: SHLX) surged on its first trading day.
ACCO Brands (NYSE: ACCO) reported higher third quarter earnings that surpassed analyst expectations prompting the company to lift its full year guidance.
Third quarter earnings fell for MCG Capital (Nasdaq: MCGC) but the company announced plans to repurchase up to $75 million of its common stock.
On the downside
Applied Micro Circuits (Nasdaq: AMCC) narrowed losses for the second quarter but the results fell short of analyst expectations.
An Orbital Sciences (NYSE: ORB) Antares rocket exploded after lifting off last night in Virginia.
Wabash National (NYSE: WNC) reported higher third quarter earnings and revenue but the results missed estimates.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 eased a point to 1983. Bitcoin lost 13 points to $338.
Mixed earnings weighs down markets
October 29, 2014 at 13:13 PM EDT