Markets slip at midday

The markets turned negative during the midday with the Dow losing 24 to 17,827 as crude oil prices slipped. Nasdaq eased a point to 4,893.

On the upside

Flexion Therapeutics (Nasdaq: FLXN) received positive guidance from the Food and Drug Administration on its New Drug Application submission for Zilretta.

Gogo (Nasdaq: GOGO) received a proposal to provide connectivity service to a major airline.

Shares of Alnylam Pharmaceuticals (Nasdaq: ALNY) climbed for the fifth day in a row.

On the downside

Tidewater (NYSE: TDW) widened fourth quarter losses more than expected as revenue plunged.

Paragon Shipping (Nasdaq: PRGN) received a notice of non-compliance from Nasdaq.

OvaScience (Nasdaq: OVAS) priced its public offering of 7.15 million common shares at the discounted price of $7.00 per share.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,088. Bitcoin added $3 to $451.