The markets traded mixed during the midday with the Dow rising 24 points to 16,801 after the International Monetary Fund cut its global economic outlook. Nasdaq dropped 43 points to 4,737.
On the upside
Unit (NYSE: UNT) increased its production growth guidance for 2015.
Freeport-McMoRan (NYSE: FCX) reduced the size of its board to nine members and will review strategic alternatives for its oil and gas business.
Rising crude oil prices lifted shares of Denbury Resources (NYSE: DNR).
On the downside
The Container Store (NYSE: TCS) disappointed with sharply lower second quarter earnings that fell short of expectations.
Profit taking weighed down shares of ContraVir Pharmaceuticals (Nasdaq: CTRV).
Investors locked in profits on Xenoport (Nasdaq: XNPT).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by a margin of 7 to 5 on Nasdaq. The broader S&P 500 dropped 9 points to 1,977. Bitcoin gained $6 to $245.
IMF cuts global economic outlook, markets trade mixed
October 06, 2015 at 15:00 PM EDT
