Mixed Markets After Recent Surge

The markets traded mixed during the midday with the Dow losing 38 points to 15,956 after yesterday's surge. Nasdaq rose 9 points to 4200.

On the upside

Fourth quarter earnings surged for Trimble Navigation (Nasdaq: TRMB) to beat analyst expectations as revenue rose.

Freescale Semiconductor (NYSE: FSL) increased its public offering from 30 million common shares to 35 million common shares.

Imerys will pay a premium of approximately $1.33 billion to purchase AMCOL International (NYSE: ACO).

On the downside


TheStreet reported that Galena Biopharma (Nasdaq: GALE) insiders sold millions of dollars worth of company stock after engaging the services of a stock promotions firm.

Lorillard (NYSE: LO) reported flat fourth quarter earnings that missed analyst expectations.

Jive Software (Nasdaq: JIVE) widened fourth quarter losses and forecast current quarter revenue below expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1819. Bitcoin lost $23.78 or 4.28% to $556.01.

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