A drop in crude oil prices weighed the markets down during the midday with the Dow losing 34 points to 17,194. Nasdaq fell 26 points to 4,724.
On the upside
Ferro (NYSE: FOE) recently received and rejected an acquisition offer from Apollo Global Management.
ITT Educational Services (NYSE: ESI) reported better than expected earnings for the fourth quarter.
The Children's Place (Nasdaq: PLCE) reported higher fourth quarter earnings and revenue and forecast current quarter and full year earnings above expectations.
On the downside
Constellium (NYSE: CSTM) widened losses for the fourth quarter.
InVivo Therapeutics (Nasdaq: NVIV) priced its public offering of 3.7 million units at the discounted price of $7.50 per unit.
Bellicum Pharmaceuticals (Nasdaq: BLCM) reported a loss for the fourth quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 9 points to 2,010. Bitcoin added $1 to $415.
