The markets closed mixed with the Dow losing 41 points to 16,373 as investors mulled over mixed earnings reports. Nasdaq climbed 17 points to 4243.

On the upside

A district judge ruled that Google's modified AdWords product still infringed on patents owned by Vringo (Nasdaq: VRNG).

A Seeking Alpha contributor wrote that Best Buy's (NYSE: BBY) recent price drop created buying opportunity.

TE Connectivity (NYSE: TEL) reported sharply higher first quarter earnings that surpassed analyst expectations as revenue rose .

On the downside

Fourth quarter earnings soared for Allegheny Technologies (NYSE: ATI) but revenue dropped to miss expectations by a wide margin.

Just Energy Group (NYSE: JE) will offer $150 million in convertible bonds.

Shares of PetMed Express (Nasdaq: PETS) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by a margin of 7 to 5 on Nasdaq. The broader S&P 500 added a point to 1844. Bitcoin held steady at $936.00.