Markets lower as oil retreats

The markets traded lower during the midday with the Dow slipping 26 points to 17,204 as crude oil prices retreated. Nasdaq fell 32 points to 4,873.

On the upside

Third quarter earnings for Helix Energy (NYSE: HLX) topped analyst estimates.

Team Health (NYSE: TMH) rejected an unsolicited acquisition offer from AmSurg (Nasdaq: AMSG).

Tile Shop Holdings (Nasdaq: TTS) impressed with sharply higher third quarter earnings and revenue that beat expectations and forecast full year revenue ahead of estimates.

On the downside

A New York Times article revealed that Horizon Pharma (Nasdaq: HZNP) charges $1,500 per month for Duexis which costs approximately $60 per month.

Redstone Technology Research downgraded Micron Technology (Nasdaq: MU) from a Neutral rating to a Short rating and slashed its price target from $20 to $13.

Allegheny Technologies (NYSE: ATI) reported a loss for the third quarter as revenue dropped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 2,028. Bitcoin rose $5 to $267.

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