The markets opened mixed with the Dow rising 22 points to 14,469 while Nasdaq slipped 3 points to 3249 after House Republicans presented their budget.
On the upside
Glu Mobile (Nasdaq: GLUU) launched a real money mobile slot game in the UK.
An independent monitoring panel will allow Merck (NYSE: MRK) to continue a study of its cholesterol medication Vytorin.
Heckmann (NYSE: HEK) reversed year ago losses to post an unexpected profit for the fourth quarter and announced plans to change its name to Nuverra Environmental Solutions.
On the downside
Citigroup downgraded Red Hat (NYSE: RHT) from a Buy rating to Neutral and lowered its price target from $64 to $56.
Lexington Realty Trust (NYSE: LXP) priced its public offering of 20 million common shares at the discounted price of $11.70.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1556.
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