The markets traded lower during the midday with the Dow losing 37 points to 14,522 as pending home sales edged down in February. Nasdaq slipped 5 points to 3247.
On the upside
On Monday, Revolution Lighting Technologies (Nasdaq: RVLT) introduced its new 15 watt tube lamp that is the most energy efficient four foot T8 lamp on the market.
Comstock Holdings (Nasdaq: CHCI) narrowed fourth quarter losses and forecast a profit for 2013.
Mattress Firm Holding (Nasdaq: MFRM) reported lower fourth quarter earnings but company forecast full year revenue ahead of estimates.
On the downside
Shares of Molycorp (NYSE: MCP) continued falling after announcing the departure of chief technology officer John L. Burba Ph.D. yesterday.
CLSA initiated coverage of Rackspace Hosting (NYSE: RAX) with an Underperform rating.
Investors locked in profits on LogMeIn (Nasdaq: LOGM), whose stock price climbed yesterday after winning a patent case.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 1560.
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