The markets traded mixed during the midday with the Dow losing 18 points to 12,698 as jobless claims fell last week while planned January job cuts climbed. Nasdaq gained 11 points to 2859.
On the upside
Facebook's regulatory filing revealed that the majority of its revenue came from social gaming company Zynga (Nasdaq: ZNGA).
Cadence Design Systems (Nasdaq: CDNS) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast current quarter results ahead of estimates.
Cemex (NYSE: CX) reported higher fourth quarter earnings and revenue.
On the downside
Boston Scientific (NYSE: BSX) disappointed with sharply lower fourth quarter earnings as revenue fell.
Fourth quarter earnings fell for Cigna (NYSE: CI) miss analyst expectations.
Ameriprise Financial (NYSE: AMP) reported lower fourth quarter earnings that fell short of analyst expectations as revenue dropped.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 814.