Markets Mixed As Service Sector Expands

The markets traded mixed during the midday with the Dow rising 11 points to 15,458 despite disappointing jobs data as the nation's services sector expanded at a faster pace than expected. Nasdaq lost 11 points to 4019.

On the upside

Pernix Therapeutics (Nasdaq: PTX) named Doug Drysdale to the position of chief executive and announced an investment of $65 million by Athyrium Capital Management.

Level 3 Communications (NYSE: LVLT) swung to a profit for the fourth quarter.

Bargain hunters lifted shares of Oramed Pharmaceuticals (Nasdaq: ORMP).

On the downside

Global Hunter Securities downgraded Bill Barrett (NYSE: BBG) from an Accumulate rating to a Neutral rating.

Arch Coal (NYSE: ACI) widened fourth quarter losses more than expected as revenue fell.

Hain Celestial Group (Nasdaq: HAIN) reported higher second quarter earnings but revenue fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 slipped a point to 1753. Bitcoin lost $35.02 or 3.91% to $894.88.

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