Flat Markets Over Mixed Economic Data
The markets traded near the flatline during the midday during the midday with the Dow edging down 2 points to 13,966 as investors weighed rising consumer sentiment against an unexpected slip in industrial production. Nasdaq eased a fraction to 3197.
On the upside
Shares of Xoom (Nasdaq: XOOM) soared in its market debut.
Bargain hunters lifted shares of Gap (NYSE: GPS).
Ellie Mae (NYSE: ELLI) reported sharply higher fourth quarter earnings that more than doubled to beat analyst expectations as revenue surged.
On the downside
Amicus Therapeutics (Nasdaq: FOLD) reported additional interim results from an ongoing Phase 3 study of its Fabry disease treatment.
Shares of 3D Systems (NYSE: DDD) continued falling after Citron Research said yesterday that the company overstated advancements in 3D printing technology.
Gold Fields (NYSE: GFI) blamed an illegal strike at two South African mines for reporting sharply lower fourth quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by a margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1519.
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