Higher inflation weighed down the markets during the midday with the Dow tumbling 86 points to 13,4187. Nasdaq fell 14 points to 2654.
On the upside
The chief executive of Force Protection (Nasdaq: FRPT) responded to rumors and speculation to reassure investors that the company's client list was diverse and not dominated by a single customer.
Evergreen Solar (Nasdaq: ESLR) signed a 10-year supply agreement for polysilicon with Silicium de Provence S. A. S. while UBS initiated coverage of the solar cell maker with a Buy rating.
Mad Money's Jim Cramer said that Mercado Libre (Nasdaq: MELI) may be the next Baidu.
On the downside
Although Retail Ventures (NYSE: RVI) swung to a third quarter profit, sales dropped.
Black & Decker (NYSE: BDK) blamed the nation's construction slowdown and a one-time charge for slashing its fourth quarter guidance.
Morgan Keegan analyst Robert Patten cited Florida's housing slump for downgrading Colonial Bancgroup (NYSE: CNB).
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks gave up 5 points to 764.