Negotiations to avert the fiscal cliff appeared to falter. The markets traded mixed during the midday with the Dow losing 12 points to 13,013. Nasdaq added 4 points to 3015.
On the upside
MGIC Investment (NYSE: MTG) satisfied conditions to continue selling mortgage insurance.
A Seeking Alpha contributor wrote on Friday that OCZ Technology (Nasdaq: OCZ) had the potential to surge 200% next year.
Continental Resources (NYSE: CLR) reported that the Charlotte 3-22H well in the Bakken field contained 57% more oil than previously estimated.
On the downside
Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) continued falling after terminating plans to merge with Presidio Pharmaceuticals on Friday.
Goldman Sachs downgraded Emulex (NYSE: ELX) to a Sell rating.
Investors locked in profits on QLogic (Nasdaq: QLGC) whose stock price climbed last week after presenting at the Credit Suisse Technology Conference.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 821.
Fiscal Cliff Talks Falter, Markets Mixed
December 03, 2012 at 12:15 PM EST
