Mixed Markets At Midday

The markets traded mixed during the midday with the Dow slipping 18 points to 15,407 as investors monitored the global economy. Nasdaq gained 8 points to 3668.

On the upside

Oppenheimer upgraded Noah Holdings (NYSE: NOAH) from a Perform rating to an Outperform rating on Friday.

Shares of Mecox Lane (Nasdaq: MCOX) surged ahead of its earnings release tomorrow after market close.

The Food and Drug Administration granted fast track designation for Galectin Therapeutics' (Nasdaq: GALT) non-alcoholic steatohepatitis with hepatic fibrosis treatment GR-MD-O2.

On the downside

Ecotality (Nasdaq: ECTY) warned that it may file for bankruptcy protection.

Motley Fool noted that Merrimack Pharmaceuticals (Nasdaq: MACK) was one of the worst performing healthcare stocks last week.

Shares of Galena Biopharma (Nasdaq: GALE) continued falling after posting a loss for the second quarter last week.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 1688.

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