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June 10, 2013 at 14:11 PM EDT
Mixed Markets As Apple Developers Conference Opens
The markets traded mixed during the midday with the Dow losing 15 points to 15,232 while Nasdaq rose 5 points to 3474 as investors await announcements from Apple at its annual software developers conference.
On the upside
ACADIA Pharmaceuticals (Nasdaq: ACAD) stock continued rising after hedged fund Baker Bros. disclosed that it had acquired a 22.6% stake in the biopharmaceutical last week.
SGOCO Group (Nasdaq: SGOC) reported sharply higher first quarter earnings and revenue.
Shares of LDK Solar (NYSE: LDK) rose ahead of its earnings release tomorrow before market open.
On the downside
Gafisa (NYSE: GFA) extended its losses after announcing plans last week to sell a 70% stake in its Brazilian urban community development company Alphaville Urbanismo.
Investors locked in profits on Mobile TeleSystems OJSC (NYSE: MBT).
The lock-up period on another 25% of Healthcare Trust of America (NYSE: HTA) stock ended on Friday.
In the broad market, declining issues edged out advancers by a margin of nearly 6 to 5 on the NYSE while advancers outpaced decliners by nearly 5 to 3 on Nasdaq. The broader S&P 500 index held steady at 1643.
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