The markets traded mixed during the midday with the Dow adding 6 points to 14,782 ahead of President Barack Obama’s expected nomination of Janet Yellen as the next chair of the Federal Reserve. Nasdaq fell 28 points to 3666.
On the upside
Callidus Software (Nasdaq: CALD) raised its third quarter and full year revenue guidance.
Hewlett Packard (NYSE: HPQ) chief executive Meg Whitman said that revenue would stabilize next year and grow in 2015.
Bargain hunters snapped up shares of SouFun Holdings (NYSE: SFUN).
On the downside
Shares of SFX Entertainment (Nasdaq: SFXE) plunged in its market debut.
K12 (NYSE: LRN) lowered its full year revenue outlook prompting downgrades.
Strathcona Mineral Services resigned as the independent Qualified Person overseeing Pretium Resources’ (NYSE: PVG) Valley of the Kings Bulk Sample Program.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 1652.
