Despite a drop in first time applications for unemployment benefits, the markets traded mixed during the midday with the Dow rising 35 points to 12,870 while Nasdaq lost 7 points to 2927 over continued uncertainty in Europe.

On the upside

InfoSpace (Nasdaq: INSP) reported sharply higher first quarter earnings and revenue and the company forecast current quarter revenue ahead of estimates.

Shares of Audience (Nasdaq: ADNC) soared on its first trading day.

Live Nation (Nasdaq: LYV) widened first quarter losses but the results were better than expected.

On the downside

MEMC Electronic Materials (NYSE: WFR) widened first quarter losses more than expected as solar sales tumbled.

Cisco's (Nasdaq: CSCO) disappointing outlook weighed down shares of Juniper Networks (NYSE: JNPR).

Universal Panel (Nasdaq: PANL) reported an unexpected loss for the first quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 790.