July 12, 2013 at 13:57 PM EDT
Markets Lower As Consumer Sentiment Slips

Consumer sentiment slipped to weigh the markets down during the midday with the Dow losing 42 points to 15,418. Nasdaq held steady at 3578.

On the upside

Sprint (NYSE: S) introduced its Sprint Unlimited Guarantee plan that offers unlimited voice, text and data.

Alnylam Pharmaceuticals (Nasdaq: ALNY) continued rising after reporting upbeat drug trial data yesterday.

Infosys (NYSE: INFY) reported first quarter earnings and revenue that beat analyst expectations.


On the downside


A District court sided against The Medicines Co. (Nasdaq: MDCO) in its patent suit against Teva (NYSE: TEVA).


An internal fire started aboard a Boeing (NYSE: BA) 787 Dreamliner at Heathrow airport.


Peregrine Pharmaceuticals (Nasdaq: PPHM) posted a loss for the fourth quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index eased a point to 1673.

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