Markets lower over earnings concerns

The markets recovered early morning losses but continued trading in negative territory during the midday with the Dow falling 31 points to 17,068 as investors monitored earnings. Nasdaq slipped a point to 4,430.

On the upside

Shares of Plug Power (Nasdaq: PLUG) continued climbing.

Cowen & Co. analyst Doug Creutz lifted his price target on Glu Mobile (Nasdaq: GLUU) from $6 to $10.

Steel Dynamics (Nasdaq: STLD) will pay approximately $1.625 billion to buy a steel plant from Russian steel company Severstal.

On the downside

Activist investor Bill Ackman said that Herbalife (NYSE: HLF) would collapse.

UBS trimmed its price target on LATAM Airlines Group (NYSE: LFL) after the company cut its 2014 margin guidance last week.

Shares of Russian telecommunications services company Mobile Telesystems (NYSE: MBT) fell over sanction fears.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 3 points to 1975. Bitcoin eased $2 to $616.

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