Mixed Open As House Republican Present Budget

The markets opened mixed with the Dow rising 22 points to 14,469 while Nasdaq slipped 3 points to 3249 after House Republicans presented their budget.

On the upside

Glu Mobile (Nasdaq: GLUU) launched a real money mobile slot game in the UK.

An independent monitoring panel will allow Merck (NYSE: MRK) to continue a study of its cholesterol medication Vytorin.

Heckmann (NYSE: HEK) reversed year ago losses to post an unexpected profit for the fourth quarter and announced plans to change its name to Nuverra Environmental Solutions.

On the downside

CommonWealth REIT (NYSE: CWH) sold all 9.95 million common shares of Government Properties Income Trust (NYSE: GOV) that it owns.

Citigroup downgraded Red Hat (NYSE: RHT) from a Buy rating to Neutral and lowered its price target from $64 to $56.

Lexington Realty Trust (NYSE: LXP) priced its public offering of 20 million common shares at the discounted price of $11.70.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 1556.

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