The markets recovered early morning losses but continued trading in negative territory during the midday with the Dow falling 31 points to 17,068 as investors monitored earnings. Nasdaq slipped a point to 4,430.
On the upside
Shares of Plug Power (Nasdaq: PLUG) continued climbing.
Cowen & Co. analyst Doug Creutz lifted his price target on Glu Mobile (Nasdaq: GLUU) from $6 to $10.
Steel Dynamics (Nasdaq: STLD) will pay approximately $1.625 billion to buy a steel plant from Russian steel company Severstal.
On the downside
Activist investor Bill Ackman said that Herbalife (NYSE: HLF) would collapse.
UBS trimmed its price target on LATAM Airlines Group (NYSE: LFL) after the company cut its 2014 margin guidance last week.
Shares of Russian telecommunications services company Mobile Telesystems (NYSE: MBT) fell over sanction fears.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 3 points to 1975. Bitcoin eased $2 to $616.