The markets traded mixed during the midday ahead of the Federal Reserve's meeting tomorrow. The Dow rose 13 points to 11,855 while Nasdaq lost 6 points to 2400.
On the upside
On the downsideCircuit City (NYSE: CC) last week reported that first quarter losses widened due to lower sales and warned that second quarter losses will be greater than expected.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 723.