Markets slip at midday

The markets retreated from early morning highs to trade lower during the midday with the Dow slipping 15 points to 15,986. Nasdaq lost 8 points to 4,535.

On the upside

RiT (Nasdaq: RITT) swung to a profit for the second quarter as revenue more than doubled.

Bill Barrett (NYSE: BBG) reaffirmed its borrowing base at $375 million and entered an agreement to sell its Uinta Basin properties for approximately $27 million.

Axcelis Technologies (Nasdaq: ACLS) received orders for its Purion M medium current implanter from three chipmakers.

On the downside

Tuesday Morning (Nasdaq: TUES) chief executive officer Michael Rouleau retired effective immediately.

Team (NYSE: TISI) warned of lower first quarter earnings and cut its full year earnings guidance.

NextEra Energy Partners (NYSE: NEP) will discuss its earnings guidance through various investor meetings.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 added a point to 1,883. Bitcoin edged up to $237.