Mixed Markets As Russia Hit With Additional Sanctions

The markets traded mixed during the midday with the Dow climbing 64 points to 16,425 while Nasdaq fell 24 points to 4,050 as additional sanctions against Russia were announced.

On the upside

American Realty Capital Properties (Nasdaq: ARCP) engaged in discussions to acquire NorthStar Realty Finance (NYSE: NRF).

Susser Holdings (NYSE: SUSS) will be acquired by Energy Transfer Partners (NYSE: ETP) in a deal valued at approximately $1.8 billion.

PVH (NYSE: PVH) said that its men's apparel brands are performing very well at J.C. Penney (NYSE: JCP).

On the downside

Shares of Plug Power (Nasdaq: PLUG) extended its losses.

Shares of Canadian Solar (Nasdaq: CSIQ) and Trina Solar (NYSE: TSL) fell after Credit Suisse lower its 2014 solar installations demand forecast in China.

The Food and Drug Administration issued a complete response letter to Pozen (Nasdaq: POZN) for its PA8140/PA32540 delayed release tablets.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added a point to 1865. Bitcoin eased $2.58 or 0.59% to $438.84.

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