Mixed close over earnings

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It was a mixed close for the markets with the Dow slipping 19 points to 18,473 while Nasdaq rose 12 points to 5,110 as investors digested earnings news. 


On the upside


Shares of Clean Diesel Technologies (Nasdaq: CDTI) rebounded after beginning to trade yesterday on a 1-for-5 reverse stock split basis.


Analog Devices will pay approximately $14.8 billion in cash and stock to acquire Linear Technology (Nasdaq: LLTC).


Allegheny Technologies (NYSE: ATI) reported a smaller than expected loss for the second quarter.


On the downside


Cardiome Pharma (Nasdaq: CRME) priced its public offering of 10 million common shares at the discounted price of $3.00 per share.


Seadrill Partners (NYSE: SDLP) will slash its quarterly cash dividend.


Dr. Reddy's Laboratories (NYSE: RDY) disappointed with lower first quarter earnings and revenue.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 2,169. Bitcoin lost $3 to $648.

The markets traded mixed during the midday with the Dow losing 37 points to 18,455. Nasdaq rose 7 points to 5,105. 


As part of its strategy to distinguish itself in a saturated smartphone market, BlackBerry imbedded encryption capabilities into its latest handset. The company dubbed it's latest product the world's most secure smartphone. The DTEK50 software will encrypt all data on the phone including photos and videos and will install security updates as soon as they are released.


Human resources software startup Zenefits will pay the Tennessee Department of Commerce and Insurance $62,500 to settle charges that company employees sold insurance without appropriate licenses. The controversy had forced founder and chief executive officer Parker Conrad to resign in February. California, Massachusetts and Washington are also investigating Zenefits.


Amazon will begin testing and developing its Prime Air drone delivery system in the UK. UK regulators will allow Amazon to fly drones beyond the pilot's line of vision and to test proximity censors that will aid the drone in avoiding collisions. Prime Air will deliver packages up to 5 pounds within 30 minutes of completing an order.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and nearly 5 to 3 on Nasdaq. The broader S&P 500 slipped a point to 2,167. Bitcoin lost $2 to $649.

Mixed open as crude oil slips

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The markets opened mixed with the Dow losing 22 points to 18,470 as home prices rose while crude oil prices slipped. Nasdaq gained 17 points to 5,114. 


On the upside


Alimera Sciences (Nasdaq: ALIM) reported sharply higher preliminary second quarter revenue.


Exact Sciences (Nasdaq: EXAS) reported a smaller than expected loss for the second quarter.


Shares of Eleven Biotherapeutics (Nasdaq: EBIO) advanced for the third day.


On the downside


Centene (NYSE: CNC) reported sharply higher second quarter earnings that beat expectations and lifted its full year earnings outlook but the stock price tumbled after the company said that it would not participate in the bidding for potential divestitures from Aetna's proposed acquisition of Humana.


Mobileye's (NYSE: MBLY) partnership with Tesla (Nasdaq: TSLA) will end after the third quarter.


Tokai Pharmaceuticals (Nasdaq: TKAI) will discontinue a late-stage study of its prostate cancer treatment.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 added a point to 2,170. Bitcoin lost $3 to $648.

Lower close as crude oil falls

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The markets closed lower with the Dow dropping 77 points to 18,493 as crude oil prices fell to $43.05 per barrel. Nasdaq slipped 2 points to 5,097. 


On the upside


Shares of China Ceramics (Nasdaq: CCCL) surged on no news.


Needham & Co. upgraded NeoPhotonics (NYSE: NPTN) from a Buy rating to a Strong Buy rating.


Shares of Advanced Micro Devices (Nasdaq: AMD) climbed for the second day.


On the downside


Investors locked in profits on Technical Communications (Nasdaq: TCCO).


The Food and Drug Administration rejected Ocular Therapeutics' (Nasdaq: OCUL) Dextenza post-operative eye pain treatment.


Opus Bank (Nasdaq: OPB) reported lower second quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 lost 6 points to 2,168. Bitcoin fell $6 to $651.

The markets traded lower during the midday with the Dow plunging 97 points to 18,473 as crude oil and commodities slipped. Nasdaq fell 6 points to 5,093. 


Verizon will pay approximately $4.83 billion in cash to acquire the core internet business of Yahoo. The deal will merge the Yahoo assets into Verizon's AOL unit, which was purchased for $4.4 billion last year. Yahoo will retain ownership of its holdings in Alibaba and Yahoo, rename itself and become a publicly traded investment company.


AMC Entertainment sweetened its offer to acquire Carmike Cinemas. The nation's second largest movie theater chain increased its offer by 10.2% in order to entice Carmike shareholders to approve the deal that will create the nation's largest theater chain. The cash and stock deal is valued at approximately $1.2 billion.


With DVD rentals falling, Redbox parent Outerwall agreed to be taken private by Apollo Global Management. Outerwall acquired DVD rental kiosk company Redbox in 2009 and also owns Coinstar and ecoATM. The shift from DVD rentals to streaming services resulted in a 19% drop in Redbox's revenue for the first quarter.


In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 fell 9 points to 2,166. Bitcoin fell $6 to $651.

Lower open on Yahoo deal

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The markets opened lower with the Dow tumbling 90 points to 18,480 as Verizon paid a lower than expected price for Yahoo. Nasdaq lost 10 points to 5,090. 


On the upside


Funds managed by Apollo Global Management will take Outerwall (Nasdaq: OUTR) private in a deal valued at approximately $1.6 billion including the assumption to debt.


Sprint (NYSE: S) reported better than expected revenue for the first quarter as the company added subscribers.


Trade Calls noted that Sophiris Bio (Nasdaq: SPHS) outperformed the S&P 500 by 120.58% over the past month.


On the downside


Santander Consumer USA Holdings (NYSE: SC) will delay the release of its second quarter results.


Tobira Therapeutics (Nasdaq: TBRA) reported disappointing results from a Phase 2b clinical trial of cenicriviroc to treat liver disease.


Verizon (NYSE: VZ) will pay approximately $4.83 billion in cash to acquire the core business of Yahoo (Nasdaq: YHOO).


In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 fell 9 points to 2,165. Bitcoin tumbled $9 to $649.

Higher close on M&A

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The markets closed higher with the Dow gaining 53 points to 18,570 on Verizon's potential acquisition of Yahoo. Nasdaq climbed 26 points to 5,100. 


On the upside


Shares of Technical Communications (Nasdaq: TCCO) surged on no news.


Cantor Fitzgerald's upbeat assessment of Cara Therapeutics' (Nasdaq: CARA) pain treatment CR845 IV lifted shares of the biopharmaceutical.


Shares of Top Ships (Nasdaq: TOPS) climbed for the fifth day.


On the downside


Basic Energy Services (NYSE: BAS) reported a greater than expected loss for the second quarter.


Abaxis (Nasdaq: ABAX) reported lower first quarter earnings that fell short of expectations.


Second quarter earnings for Athenahealth (Nasdaq: ATHN) fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 9 points to 2,175. Bitcoin tumbled $8 to $654.

Tech deals make headlines

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The markets traded higher during the midday with the Dow gaining 30 points to 18,548. Nasdaq climbed 25 points to 5,099. 


Yahoo began its search for a buyer four months ago and is close to finalizing a deal. A handful of offers have been made but Yahoo is reportedly in discussions with Verizon for a deal approaching $5 billion. Yahoo is expected to announce a deal by the end of the month.


Online retailer Amazon has partnered with Wells Fargo to offer student loans to Amazon Prime Student members. The loans will provide a 0.5% discount on private student loans. Amazon clarified that it is not a lender and is neither underwriting nor originating any loans.


PayPal and Visa ended their ongoing rivalry with a deal to work together. PayPal's mobile app will now have access to Visa's payment equipment in brick-and-mortar stores. PayPal will streamline the process for consumers who want to use their Visa credit or debit cards when paying with PayPal.  


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 gained 7 points to 2,172. Bitcoin dropped $8 to $654.

The markets opened mixed with the Dow slipping 4 points to 18,512 while Nasdaq rose 11 points to 5,085 as earnings disappoint. 


On the upside


Shares of Kingtone Wirelessinfo Solutions (Nasdaq: KONE) continued soaring.


Puma Biotechnology (Nasdaq: PBYI) submitted follow-up data to the Food and Drug Administration for its marketing application for the breast cancer treatment neratinib.


Swift Transportation (NYSE: SWFT) reported better than expected earnings and revenue for the second quarter.


On the downside


Skechers (NYSE: SKX) disappointed with lower second quarter earnings that fell short of expectations.


Olin (Nasdaq: OLN) cut its second quarter and full year forecast prompting a downgrade.


Skyworks Solutions (Nasdaq: SWKS) reported lower third quarter earnings and revenue.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 2,167. Bitcoin tumbled $11 to $651.

First time applications for unemployment benefits unexpectedly dropped last week but the markets closed lower with the Dow dropping 77 points to 18,517. Nasdaq lost 16 points to 5,073. 


On the upside


Shares of Kingtone Wirelessinfo Solutions (Nasdaq: KONE) more than quadrupled after an article in The Economist said that China could lead the development and commercialization of products for the industrial internet of things.


Top Ships (Nasdaq: TOPS) stock soared for the fourth day.


Imax (NYSE: IMAX) reported better than expected earnings for the second quarter.


On the downside


Essendant (Nasdaq: ESND) disappointed with lower second quarter earnings that fell short of expectations.


Investors locked in profits on Ocean Power Technologies (Nasdaq: OPTT).


Retreating crude oil prices weighed down shares of Stone Energy (NYSE: SGY).


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 fell 7 points to 2,165. Bitcoin added $2 to $662.

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