The markets traded mixed during the midday with the Dow losing 35 points to 14,511 while Nasdaq gained 10 points to 3216 as investors digested earnings reports.
On the upside
Forbes listed ACADIA Pharmaceuticals (Nasdaq: ACAD) as the best performing biotechnology stock over the past 52 weeks.
A Seeking Alpha contributor wrote that Delcath Systems (NYSE: DCTH) had both short term and long term potential.
B. Riley upgraded Netflix (Nasdaq: NFLX) from a Sell rating to a Neutral rating.
On the downside
Shares of Magnum Hunter (NYSE: MHR) continued falling after firing PricewaterhouseCoopers as its auditor last week.
Swift Transportation (NYSE: SWFT) stock fell ahead of its earnings release after market close.
Koninklijke Philips (NYSE: PHG) reported lower first quarter earnings and revenue and warned of that global economic conditions would weigh on the first half of 2013.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index edged up a fraction to 1556.
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