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.
Markets flat as economic growth slows
March 27, 2015 at 13:49 PM EDT