The markets extended its losses during the midday with the Dow slipping 19 points to 12,389 as crude oil prices continued rising. Nasdaq lost 5 points to 2790.
On the upside
Tempur-Pedic (NYSE: TPX) expects first quarter results to surpass analyst estimates and raised its full year outlook above expectations.
Craig-Hallum analyst Christian Schwab upgraded Western Digital (NYSE: WDC) to a Buy rating while Capstone Investment analyst Shebly Seyrafi lifted his price target from $35 to $40.
Shares of Golar LNG Partners (Nasdaq: GMLP) climbed on its first trading day.
On the downside
Rising fuel expenses weighed down shares of United Continental (NYSE: UAL).
Spirit AeroSystems (NYSE: SPR) announced a secondary public offering of more than 10 million common shares.
Harvest Natural Resources (NYSE: HNR) plugged and abandoned a well in the Budong Budong Block in Indonesia due to high pressures.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 849.
