Markets Mixed Over Disappointing GM Sales

The markets traded mixed during the midday with the Dow rising 31 points to 16,472 after General Motors reported a 6.3% drop in December sales. Nasdaq lost 11 points to 4131.

On the upside

Shares of FuelCell Energy (Nasdaq: FCEL) continued rising after completing a 14.9 megawatt fuel cell park on schedule.

China Finance Online (Nasdaq: JRJC) narrowed losses for the third quarter as revenue surged.

Skyworks Digital Holdings selected Pixelworks' (Nasdaq: PXLW) PA 168 MotionEngine video display processor to power its Ultra HD 4Kx2K Dual Core Android 3D Smart TVs.


On the downside


RF Industries (Nasdaq: RFIL) reported lower preliminary fourth quarter earnings and revenue.

Profit taking weighed down shares of Ctrip.com International (Nasdaq: CTRP).

News that the Federal Trade Commission will announce a new initiative targeting deceptive advertising of weight loss products weighed down shares of Herbalife (NYSE: HLF) and Nu Skin Enterprises (NYSE: NUS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1831. Bitcoin added $14.00 or 1.60% to $876.00.

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