The markets pared early morning losses to trade mixed during the midday with the Dow rising 19 points to 16,187 as new home sales soared in December. Nasdaq lost 18 points to 4,549.
On the upside
Bonanza Creek Energy (NYSE: BCEI) will sell its Rocky Mountain Infrastructure asset for approximately $255 million in cash.
Indonesia's Energy Minister expects to resolve Freeport-McMoRan's (NYSE: FCX) export permit situation.
CommVault Systems (Nasdaq: CVLT) reported higher third quarter earnings and revenue that topped analyst estimates.
On the downside
Tupperware Brands (NYSE: TUP) reported sharply lower fourth quarter earnings and revenue that fell short of expectations and forecast current quarter and full year earnings below estimates.
Lannett (NYSE: LCI) reported preliminary second quarter results that missed expectations and forecast full year revenue below estimates.
Fourth quarter earnings for Total System Services (NYSE: TSS) fell short of expectations and the company forecast full year earnings that missed estimates.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 9 points to 1,913. Bitcoin slipped $1 to $394.
