The three major U.S. indices have been able to recover from the pre-market decline precipitated by the terrorist attack in Belgium Tuesday morning.
The Nasdaq was climbing 0.04% while the Dow Jones Industrial Average gained 0.1% and the S&P 500 was up 0.2% at midday Tuesday.
Oil prices were falling, though the commodity had pared some of its losses midday. Industry standard Brent crude for May delivery was down a penny to $41.53 per barrel, while West Texas Intermediate had fallen $0.26 to $41.26 per barrel.
Stressed out stock Transocean (RIG) was helping lead the way down on Tuesday as the deep-water oil rig operator continues to be a slave to crude prices. Over the past five sessions, the stock have fallen over 10%, but most of that decline has come in the last two sessions.
Valeant Pharmaceuticals (VRX) had jumped more than 7% at midday Tuesday, continuing the troubled pharmaceutical company's rise from the previous session. The medical device company has lost over 60% of its value over the past four weeks.
Dick's Sporting Goods (DKS) was showing volatility Tuesday, spending time in both positive and negative territory after announcing a new $1 billion share buyback authorization over the next five years.
Mattress Firm (MFRM) shares tanked over 11% following the release of its weak quarterly earnings results Monday afternoon. The retailer reported earnings of $0.37 per share vs. analysts' $0.53 per share expectations. The company also missed analysts' $623.6 million revenue expectations, reporting top-line results of $618.5 million.
Petrobras (PBR) shares recovered from their earlier decline after the Brazilian energy company announced its worst quarterly loss ever, over $10 billion, amid falling crude prices and unprecedented write-downs.
Finally, shares of Nike (NKE) were showing volatility ahead of the company's scheduled earnings release after the closing bell on Tuesday. Analysts are expecting the company to increase earnings 7% to $0.48 per share. Revenue is expected to climb 10% year over year to $8.2 billion.