Mid-Day Report

The markets fell into negative territory during the midday as oil prices climbed above $91 a barrel. The Dow tumbled 49 points to 12,330 while Nasdaq lost 4 points to 2357.

On the upside

While Arkansas Best (Nasdaq: ABFS) reported a slight drop in fourth quarter earnings, revenue rose.

Second quarter earnings for VistaPrint (Nasdaq: VPRT) rose to beat expectations due to strong international growth.

CONSOL Energy (NYSE: CNX) will expand mines in West Virginia and Pennsylvania in order to increase coal production.

On the downside

SunOpta (Nasdaq: STKL) slashed its fiscal 2007 guidance and warned that the organic food producer may restate financials prompting a downgrade.

Although Synaptics (Nasdaq: SYNA) posted higher second quarter profits that surpassed expectations, the company issued third quarter guidance that fell short of estimates.

Tempur-Pedic International (NYSE: TPX) blamed slowing consumer spending for fourth quarter results that fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 701.

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