The markets traded lower during the midday with the Dow tumbling 99 points to 18,104 as oil prices fell and jobs data disappointed. Nasdaq lost 13 points to 4,966.
On the upside
Coronado Biosciences (Nasdaq: CNDO) formed a new subsidiary, Checkpoint Therapeutics, to develop immuno-oncology antibodies.
Wayfair (NYSE: W) widened losses for the fourth quarter but the results were better than expected.
Autohome (NYSE: ATHM) impressed with fourth quarter earnings that more than doubled as revenue surged.
On the downside
Fourth quarter earnings and revenue fell for Abercrombie & Fitch (NYSE: ANF).
Cyclacel Pharmaceuticals (Nasdaq: CYCC) priced its public offering of 10 million common shares at the discounted price of $1.00 per share.
TriNet Group (NYSE: TNET) reported higher fourth quarter earnings and revenue but the stock price fell after Deutsche Bank cut its price target on the company from $40 to $35.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 lost 9 points to 2098. Bitcoin held steady at $279.
Markets fall on lower oil prices
March 04, 2015 at 11:49 AM EST