Markets Lower At Midday

The markets recovered earlier losses but continued trading lower during the midday with the Dow losing 15 points to 11,523.  Nasdaq added a point to 2563.

On the upside

Sinovac Biotech (Nasdaq: SVA) will participate in four investor conferences in September.

Gabelli & Co. upgraded Corinthian Colleges (Nasdaq: COCO) to a Buy rating.

CoreLogic (NYSE: CLGX) retained the services of Greenhill & Co. to explore strategic options including the possible sale of the company.

On the downside

The analyst consensus earnings estimate for Alpha Natural Resources (NYSE: ANR) was lowered.

Avnet (NYSE: AVT) operating group Avnet Electronics Marketing celebrated 25 years of partnership with Xilinx but the stock price fell.

Winn-Dixie (Nasdaq: WINN) disappointed with sharply lower fourth quarter earnings as revenue fell.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 719.