The markets retreated during the midday to trade mixed with the Dow rising 38 points to 16,375 as crude oil prices slipped. Nasdaq lost 4 points to 4,499.
On the upside
Roadrunner Transportation Systems (NYSE: RRTS) reported better than expected earnings for the fourth quarter.
Cascade Microtech (Nasdaq: CSCD) will be acquired by FormFactor (Nasdaq: FORM) for a premium of approximately $352 million in cash and stock.
JP Morgan downgraded Petrobras (NYSE: PBR) from a Neutral rating to an Underperform rating but the stock price climbed.
On the downside
Pacific Biosciences of California (Nasdaq: PACB) reported a loss for the fourth quarter.
The Mexican tax authority filed a legal claim against Primero Mining (NYSE: PPP) subsidiary Primero Empresa Minera to nullify a 2012 Advance Pricing Agreement.
Resolute Forest Products (NYSE: RFP) widened fourth quarter losses more than expected.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added a point to 1,914. Bitcoin soared $17 to $386.