The markets turned negative during the midday with the Dow slipping 17 points to 16,435 after Wal-Mart reported disappointing results and prepared to increase the wages of its hourly employees. Nasdaq fell 26 points to 4,507.
On the upside
SunEdison Semiconductor (Nasdaq: SEMI) retained the services of Barclays to explore strategic options including a possible sale of the company.
Teekay (NYSE: TK) reversed year ago losses to post a profit for the fourth quarter as revenue soared.
Amedica (Nasdaq: AMDA) will present 24-month results from a CASCADE clinical trial on Monday, March 7, 2016.
On the downside
Boise Cascade (NYSE: BCC) disappointed with sharply lower fourth quarter earnings that fell far short of analyst expectations.
Fourth quarter earnings tumbled for Tyler Technologies (NYSE: TYL) to miss estimates.
CVR Refining (NYSE: CVRR) widened losses for the fourth quarter and cancelled its quarterly cash distribution.
In the broad market, advancing issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 1,922. Bitcoin added $1 to $419.
