Information provided by Theflyonthewall.com
Shares of Intel
), and Facebook
) were all trading lower at midday, weighing on the Nasdaq, while the Dow and S&P sat a bit below the flat-line after both averages touched five-year highs during Thursday's trading.
Intel dropped 6.5% at midday after the company reported earnings Thursday night that were generally in-line with Wall Street estimates, though investor concerns over slowing sales and continued capital spending spurred a sell-off of shares.
) reported earnings that were just above Wall Street estimates and a record equipment and services backlog of $210 billion to end the year, sending shares up almost 3% at midday.
) also reported earnings that beat consensus estimates, and the company said expenses could decline by about $1.6 billion through 2014. Shares of Morgan Stanley were leading the financial sector at midday, up over 7.5%.
Among the notable gainers was Life Technologies
), up about 10.6% as a number analysts said a takeover or leveraged buyout could be in the works for the company following a media report indicating talks are ongoing.
Also higher were shares of NuPathe
), up 8.2% after the company's migraine treatment Zecuity received FDA approval, and State Street
(STT), up 5.9% after the company reported earnings that beat estimates and announced the elimination of 630 jobs worldwide.
Among noteworthy losers were shares of Capital One Financial
), down 8.3% after Janney Capital downgraded shares to Neutral citing last night's disappointing Q4 results, and Finisar
), down 7.4% following a downgrade to Underperform at Jefferies.