The markets retreated during the midday with the Dow slipping 26 points to 15,300 over concerns that the jobless data was incomplete. Nasdaq lost 6 points to 3719.
On the upside
Umpqua Holdings (Nasdaq: UMPQ) will pay approximately $2 billion in cash and stock to acquire Sterling Financial (Nasdaq: STSA).
A Seeking Alpha contributor wrote that Nokia (NYSE: NOK) had an upside potential of at least 20%.
NetSol Technologies (Nasdaq: NTWK) reported higher fourth quarter earnings and revenue.
On the downside
Cisco's (Nasdaq: CSCO) introduction of a new network processor sent shares of EZchip (Nasdaq: EZCH) plummeting.
A Seeking Alpha contributor wrote that Universal Display's (Nasdaq: OLED) technology patents should be revoked.
The Men's Wearhouse (NYSE: MW) reported lower second quarter earnings and cut its full year outlook.
In the broad market, declining issues outpaced advancers 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 lost 4 points to 1684.
