The markets traded mixed during the midday with the Dow losing 41 points to 16,613 as the recent crash allayed concerns of an impending interest rate increase. Nasdaq added 3 points to 4,816.
On the upside
Soaring crude oil prices lifted shares of Midstates Petroleum (NYSE: MPO).
Activision Blizzard (Nasdaq: ATVI) will replace Pall (NYSE: PLL) on the S&P 500 after market close this afternoon.
Shares of Linn Energy (Nasdaq: LINE) continued soaring.
On the downside
Bebe Stores (Nasdaq: BEBE) disappointed with a wider than expected loss for the fourth quarter.
Investors locked in profits on Forward Industries (Nasdaq: FORD).
Autodesk (Nasdaq: ADSK) fell to a loss for the second quarter on lower revenue.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped a points to 1,985. Bitcoin climbed $7 to $232.
Markets mixed as rate increase fears abate
August 28, 2015 at 14:55 PM EDT
