The markets traded lower during the midday with the Dow falling 40 points to 14,524 ahead of Alcoa's earnings release after market close. Nasdaq slipped 3 points to 3200.
On the upside
A Seeking Alpha contributor expects Glu Mobile (Nasdaq: GLUU) to be acquired.
Private equity firm General Atlantic will invest in GOL Linhas (NYSE: GOL) subsidiary SMILES S. A.
BSD Medical (Nasdaq: BSDM) signed an exclusive, multi-million dollar agreement for Terumo Europe to distribute its MicroThermX Microwave Ablation System in 100 countries.
On the downside
Shares of Affymax (Nasdaq: AFFY) continued falling as more shareholder lawsuits were filed against the biopharmaceutical.
Profit taking sank shares of Companhia Energetica de Minas Gerais (NYSE: CIG), whose stock price soared last week after reporting impressive fourth quarter and full year earnings.
Facebook (Nasdaq: FB) will expand a trial service that charges a fee for users to send a personal message to a someone who is not a friend.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1552.