Mixed Markets As Bond Yields Rise

The markets traded mixed during the midday with the Dow losing 22 points to 15,058 as bond yields rose. Nasdaq gained 11 points to 3613.

On the upside

Bargain hunters lifted shares of MannKind (Nasdaq: MNKD).

Needham & Co. analyst Laura Martin lifted her price target on Pandora Media (NYSE: P) from $20 to $25.

Wunderlich Securities upgraded Harvest Natural (NYSE: HNR) to a Buy rating from a Hold rating and lifted its price target to $9.00 from $4.75.

On the downside

Shares of Icici Bank (NYSE: IBN) extended its losses as the Indian rupee continued falling.

ARMOUR Residential REIT (NYSE: ARR) continued falling after a Seeking Alpha contributor wrote last week that REITs will drop even more.

A Seeking Alpha contributor suggested that Suntech Power (NYSE: STP) may be worthless.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 1652.

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