Markets Slip On Lack Of News

With little economic news for investors to digest, the markets traded lower during the midday with the Dow losing 26 points to 13,966. Nasdaq slipped 4 points to 3188.

On the upside

Bargain hunters lifted shares of SunPower (Nasdaq: SPWR), whose stock price fell on Friday after forecasting flat revenue for 2013.

Shares of LinkedIn (NYSE: LNKD) continued rising after reporting sharply higher fourth quarter earnings and revenue last week.

BlackRock acquired a 7.85% stake in Diamond Foods (Nasdaq: DMND).

On the downside

A Seeking Alpha contributor wrote that Caesars Entertainment (Nasdaq: CZR) was over leveraged and questioned its long term viability.

The Food and Drug Administration rejected Novo Nordisk's (NYSE: NVO) insulin products Tresiba and Ryzodeg.

Wedbush downgraded Heckmann (NYSE: HEK) to an Underperform rating and cut its price target to $2.50 from $3.00.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1516.

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