Markets pull back as crude oil hovers near $30

Crude oil prices retreated during the midday to hover near $30 per barrel. The markets reversed course with the Dow slipping 18 points to 16,380. Nasdaq added 4 points to 4,642.


On the upside


Recon Technology (Nasdaq: RCON) will sell chemical agents to Qinghai Oilfields for wastewater treatment.


Silicon Graphics International (Nasdaq: SGI) reported preliminary results for the second quarter that surpassed previous guidance.

Apollo Education Group (Nasdaq: APOL) retained the services of Barclays Capital and Credit Suisse to explore strategic options.


On the downside


Axiom Capital Management analyst Gordon Johnson questioned the steep expenses of SunEdison's (NYSE: SUNE) debt restructuring.


Heartware International (Nasdaq: HTWR) reported preliminary fourth quarter revenue that missed expectations.


Skullcandy (Nasdaq: SKUL) lowered is fourth quarter earnings and revenue guidance.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 slipped a point to 1,921. Bitcoin lost $2 to $445.

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