Markets mixed as durable goods orders climb

The markets traded mixed during the midday with the Dow slipping 18 points to 18,205 as investors weighed a drop in consumer prices against a strong 2.8% gain in durable goods orders. Nasdaq rose 10 points to 4,977.

On the upside

Cyberonics (Nasdaq: CYBX) reported higher third quarter earnings that beat analyst expectations.

Avago Technologies (Nasdaq: AVGO) impressed with sharply higher first quarter earnings that more than doubled to surpass estimates and the company announced plans to acquire Emulex (NYSE: ELX).

Penn Virginia (NYSE: PVA) widened fourth quarter losses more than expected but the Wall Street Journal reported that the company was exploring a possible sale.

On the downside

Taser International (Nasdaq: TASR) disappointed with flat fourth quarter earnings that missed expectations.

Nationstar Mortgage (NYSE: NSM) swung to a profit for the fourth quarter but the results fell far short of analyst expectations.

IntraLinks Holdings (NYSE: IL) widened fourth quarter losses more than expected and forecast current quarter and full year earnings below estimates.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by 9 to 7 on Nasdaq. The broader S&P 500 slipped 3 points to 2110. Bitcoin eased $1 to $233.