The markets closed mixed with the Dow falling 50 points to 16,662 as tensions in the Ukraine tempered enthusiasm for a strong gain in manufacturing production. Nasdaq rose 11 points to 4464.
On the upside
Bargain hunters lifted shares of Tekmira Pharmaceuticals (Nasdaq: TKMR).
Applied Materials (Nasdaq: AMAT) reported higher third quarter earnings that topped analyst estimates.
An arbitration panel rejected patent infringement claims filed by Roche against Gilead Sciences (Nasdaq: GILD).
On the downside
An appeals court declared that two Vringo (Nasdaq: VRNG) patents were invalid.
Dillard's (NYSE: DDS) disappointed with lower second quarter earnings and revenue that fell short of analyst expectations.
Second quarter earnings fell for Autodesk (Nasdaq: ADSK) and the company forecast current quarter earnings below expectations.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 held steady at 1955. Bitcoin lost $15 to $494.