Markets trade mixed at midday

The markets traded mixed during the midday with the Dow rising 32 points to 17,699. Nasdaq slipped 5 points to 4,722.

On the upside

Sony (NYSE: SNE) lowered its full year loss forecast.

Walt Disney (NYSE: DIS) reported higher first quarter earnings and revenue that beat analyst expectations on strong demand for Frozen products.

Cognizant Technology Solutions (Nasdaq: CTSH) reported higher fourth quarter earning and revenue that topped analyst estimates and forecast current quarter revenue ahead of expectations.

On the downside

Radisys (Nasdaq: RSYS) reported a wider than expected loss for the fourth quarter.

Pacific Biosciences (Nasdaq: PACB) widened losses more than expected for the fourth quarter.

Ralph Lauren (NYSE: RL) disappointed with lower third quarter earnings that missed analyst expectations and forecast current quarter revenue below estimates.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 lost 7 points to 2042. Bitcoin slipped $5 to $221.