The markets traded mixed during the midday with the Dow adding 7 points to 16,276 as a drop in first time applications for unemployment benefits tempered concerns about the banking industry. Nasdaq lost 13 points to 4160.
On the upside
Shares of TriNet Group (NYSE: TNET) soared in its market debut.
Unwired Planet (Nasdaq: UPIP) director Michael Mulica purchased 100,000 shares of company stock.
Conn's (Nasdaq: CONN) reported sharply higher fourth quarter earnings and revenue.
On the downside
The Securities and Exchange Commission halted trading of Advanced Cannabis Solutions which sent shares of Full Circle Capital (Nasdaq: FULL) tumbling. Full Capital invested in Advanced Cannabis
Fourth quarter earnings dropped for Leidos Holdings (NYSE: LDOS) and the company forecast 2015 results below expectations. The company also announced the departure of president and chief operating officer Stu Shea effective April 6, 2014.
SFX Entertainment (Nasdaq: SFXE) disappointed with an unexpected loss for the fourth quarter.
In the broad market, advancing issues edged out decliners by a slim margin of nearly 5 to 4 on the NYSE while decliners outpaced advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 1850. Bitcoin dropped $59.09 or 10.12%% to $524.90.
