Markets Lower Ahead Of First Quarter Earnings Season

The markets traded lower during the midday with the Dow falling 40 points to 14,524 ahead of Alcoa's earnings release after market close. Nasdaq slipped 3 points to 3200.

On the upside

A Seeking Alpha contributor expects Glu Mobile (Nasdaq: GLUU) to be acquired.

Private equity firm General Atlantic will invest in GOL Linhas (NYSE: GOL) subsidiary SMILES S. A.

BSD Medical (Nasdaq: BSDM) signed an exclusive, multi-million dollar agreement for Terumo Europe to distribute its MicroThermX Microwave Ablation System in 100 countries.

On the downside

Shares of Affymax (Nasdaq: AFFY) continued falling as more shareholder lawsuits were filed against the biopharmaceutical.

Profit taking sank shares of Companhia Energetica de Minas Gerais (NYSE: CIG), whose stock price soared last week after reporting impressive fourth quarter and full year earnings.

Facebook (Nasdaq: FB) will expand a trial service that charges a fee for users to send a personal message to a someone who is not a friend.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1552.

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