Crude oil prices fell while durable goods orders rose. The markets closed mixed with the Dow slipping 10 points to 18,214 while Nasdaq gained 20 points to 4,987.
On the upside
Fourth quarter earnings fell for PGT (Nasdaq: PGTI) but revenue rose and the company forecast current quarter revenue above analyst estimates.
Iberdrola will pay approximately $3 billion to buy UIL Holdings (NYSE: UIL).
Fourth quarter earnings more than doubled for Akorn (Nasdaq: AKRX) to beat analyst expectations.
On the downside
Ballard Power Systems (Nasdaq: BLDP) widened fourth quarter losses more than expected.
Merge Healthcare (Nasdaq: MRGE) swung to a profit for the fourth quarter but revenue fell short of estimates.
Investors locked in profits on Second Sight Medical Products (Nasdaq: EYES).
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by 5 to 4 on Nasdaq. The broader S&P 500 slipped 3 points to 2110. Bitcoin eased $1 to $233.
Oil falls while durable goods orders rise, markets close mixed
February 26, 2015 at 16:55 PM EST