The markets closed mixed with the Dow climbing 85 points to 21,796 as durable goods orders rose last month while core capital goods orders slipped. Nasdaq dropped 40 points to 6,382.


On the upside


LivePerson (Nasdaq: LPSN) reported better than expected revenue for the second quarter and lifted its full year forecast.


Pershing Square Capital Management acquired a stake in Automatic Data Processing (Nasdaq: ADP).


Verizon (NYSE: VZ) reported higher second quarter earnings as it added 614,000 monthly subscribers.

 

On the downside


QEP Resources (NYSE: QEP) reported a loss for the second quarter and announced plans to pay approximately $732 million to acquire oil and gas assets n the Permian Basin.


Community Health Systems (NYSE: CYH) warned of losses for the second quarter.

 

Second quarter earnings for Buffalo Wild Wings (Nasdaq: BWLD) fell far short of analyst expectations as same store sales dropped prompting the casual restaurant chain to slash its full year outlook.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 2,475. Bitcoin surged $55 to $2556.


Strong earnings lift markets

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Strong earnings lifted the markets to a higher open with the Dow adding 6 points to 21,717. Nasdaq climbed 37 points to 6,459.


On the upside


GNC Holdings (NYSE: GNC) reported better than expected earnings for the second quarter.


ShoreTel (Nasdaq: SHOR) will be acquired by Mitel (Nasdaq: MITL) in an all-cash transaction valued at approximately $530 million.


Brookfield Business Partners will pay approximately $750 million to acquire 60% of Teekay Offshore Partners (NYSE: TOO), which is a subsidiary of Teekay (NYSE: TK).

 

On the downside


Twitter (NYSE: TWTR) disappointed with flat monthly active users quarter over quarter.


AstraZeneca (NYSE: AZN) reported disappointing results from its Mystic study combining two immunotherapies to treat lung cancer.

 

Spirit Airlines (Nasdaq: SAVE) reported higher cost per available seat mile in the second quarter.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers edged out decliners by nearly 9 to 8 on Nasdaq. The broader S&P 500 gained 5 points to 2,482. Bitcoin soared $51 to $2553.


It was a sharply higher close for the markets with the Dow gaining 97 points to 21,711 on strong earnings and upbeat new home sales. Nasdaq rose 10 points to 6,422.


On the upside


Boeing (NYSE: BA) reversed year ago losses to post a stronger than expected profit for the second quarter prompting the company to lift its full year forecast.


Brink's (NYSE: BCO) reported higher second quarter earnings and revenue.


Second quarter same store sales climbed 1.3% for Smart & Final Stores (Nasdaq: SFS).

 

On the downside


Triumph Group (NYSE: TGI) disappointed with first quarter earnings and revenue that fell far short of expectations.


The Food and Drug Administration rejected Eagle Pharmaceuticals' (Nasdaq: EGRX) heat stroke treatment Ryanodex.

 

Mizuho Securities downgraded Amedisys (Nasdaq: AMED) from a Buy rating to a Neutral rating.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners edged out advancers by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,477. Bitcoin dropped $35 to $2521.


Amazon to hire 50,000 workers

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The markets extended its gains during the midday with the Dow soaring 107 points to 21,720. Nasdaq rose 7 points to 6,419.


Amazon plans to hire more than 50,000 workers across the nation to staff its fulfillment centers. Most of the positions will be full-time offering competitive pay along with health insurance, disability insurance, retirement savings plans and company stock. Ten of the shipping centers will host an Amazon Jobs Day hiring event on Wednesday, August 2.


Britain will no longer allow the sale of new gas and diesel cars beginning in 2040 as part of a comprehensive plan to combat air pollution. France and Norway have already pledged to ban internal combustion engine cars. Britain also announced that up to $326 million will be made available to local governments to reduce pollution.


Coca-Cola will replace Coke Zero with a reinvented, sugar-free Coke Zero Sugar in the United States next month. The beverage company has been developing Coke Zero Sugar for over five years and has been selling the product in overseas markets. Sales in Europe, Latin America, Middle East and Africa surged in the second quarter. 


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 8 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 2,479. Bitcoin tumbled $40 to $2515.


New home sales rose in June to lift the markets to a higher open with the Dow climbing 77 points to 21,690. Nasdaq gained 13 points to 6,425.


On the upside


U.S. Steel (NYSE: X) reported second quarter earnings that surpassed analyst expectations by a wide margin.


iRobot (Nasdaq: IRBT) lifted its full year earnings outlook on strong Amazon Prime Day sales.


Tetraphase Pharmaceuticals (Nasdaq: TTPH) reported positive results from a Phase 3 clinical trial of eravacycline.

 

On the downside


Akamai Technologies (Nasdaq: AKAM) reported lower second quarter earnings and forecast current quarter results below expectations.


Wynn Resorts (Nasdaq: WYNN) reported a 9% drop to its walk-in business at Wynn Macau.

 

LSB Industries (NYSE: LXU) will no longer pursue a sale of the company.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE while advancers edged out decliners by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,479. Bitcoin dropped $29 to $2526.


Strong gain in consumer confidence boosted the markets to a higher close with the Dow soaring 100 points to 21,613. Nasdaq added a point to 6,412.


Michael Kors will acquire Jimmy Choo for approximately $1.2 billion in order to expand its international presence. The American luxury brand has experienced declining sales for the past few years and is closing between 100 to 125 stores. British luxury shoemaker Jimmy Choo reported a 0.8% slip in same store sales in 2016.


The Conference Board reported a sharp gain to its consumer confidence index in July to 121.1 from a reading of 117.3 last month. The July reading is the second highest in 16 years and is attributed to the strong labor market. But, fewer consumers expect their incomes to improve.


The Federal Communications Commission invited internet service providers and technology companies such as AT&T, Facebook and Verizon to testify at a hearing about net neutrality. Current rules prevent providers from throttling access either by slowing websites or speeding sites that are willing to pay a fee. The FCC may reverse net neutrality regulations.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 gained 7 points to 2,477. Bitcoin plunged $144 to $2561.


Dow surges on upbeat earnings

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Upbeat earnings lifted the markets to a higher open with the Dow soaring 125 points to 21,638. Nasdaq slipped 3 points to 6,407.


On the upside


Freeport-McMoRan (NYSE: FCX) reversed year ago losses to post a profit for the second quarter.


Genocea Biosciences (Nasdaq: GNCA) reported positive top-line 12-month data for a Phase 2b clinical trial of it genital herpes treatment GEN-003.


AK Steel (NYSE: AKS) reported sharply higher earnings for the second quarter.

 

On the downside


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


Second quarter earnings and revenue for Interpublic Group (NYSE: IPG) fell to miss expectations.

 

Seagate Technology (Nasdaq: STX) reported higher fourth quarter earnings but the results fell far short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 gained 8 points to 2,477. Bitcoin plummeted $137 to $2567.


The markets closed mixed with the Dow dropping 66 points to 21,513 as June existing home sales fell amidst record prices. Nasdaq gained 23 points to 6,410.


On the upside


Shopify (NYSE: SHOP) announced the winners of its first BEASTMODE-A-Business competition, in partnership with Oakland Raiders running back Marshawn Lynch, theFam 1st Family Foundation, and Hingeto.


BidaskClub upgraded Axovant Sciences (NYSE: AXON) from a Hold rating to a Buy rating.


The Tesla (Nasdaq: TSLA) Model 3 delivery event is scheduled for Friday, July 28 at 7pm (PT).

 

On the downside


Shares of U.S. Silica Holdings (NYSE: SLCA) continued falling.


Second quarter earnings for Manpower Group (NYSE: MAN) fell short of expectations.

 

Halliburton (NYSE: HAL) warned that rig count growth in North America would flatten.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE while advancers edged out decliners by more than 9 to 8 on Nasdaq. The broader S&P 500 slipped 2 points to 2,469. Bitcoin rose $7 to $2705.


Bush Brothers recalls beans

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The markets traded mixed during the midday with the Dow dropping 40 points to 21,539. Nasdaq gained 19 points to 6,407.


Bush Brothers & Co. has voluntarily recalled cans of baked beans due to potentially defective cans. The recalled products are all 28-ounce sized cans of Bush's Best Brown Sugar Hickory, Bush's Best Country Style and Bush's Best Original. No illnesses have been reported.


Arby's announced a new Smoked Italian Porchetta Sandwich that will be available nationwide in August. Porchetta is a pork loin that is wrapped in skin-on pork belly. After smoking for eight hours, the porchetta is thinly sliced then topped with provolone, lettuce, tomato, red onion, banana peppers, red wine vinaigrette and garlic aioli.


Hibbett Sports launched its very first e-commerce site today. The sporting goods retailer had a website but the ability to make online purchases was never available. Same store sales at the company's brick and mortar stores have tumbled approximately 10% in the second quarter.


The broader S&P 500 eased a fraction to 2,471. Bitcoin slipped $1 to $2691


The markets opened flat with the Dow slipping 3 points to 21,577 as existing home sales fell in June. Nasdaq held steady at 6,387.


On the upside


Scientific Games (Nasdaq: SGMS) narrowed second quarter losses more than expected.


Goldman Sachs and RBC Capital Markets initiated coverage of Blue Apron (NYSE: APRN) with Buy ratings.


WebMD (Nasdaq: WBMD) will be acquire day KKR for a premium of approximately $2.8 billion in cash.

 

On the downside


Credit Suisse downgraded Chicago Bridge & Iron (NYSE: CBI) from an Outperform rating to a Neutral rating.


Second quarter revenue for Hasbro (Nasdaq: HAS) rose less than expected.

 

RPM International (NYSE: RPM) disappointed with fourth quarter earnings and revenue that fell short of expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,472. Bitcoin gained $19 to $2717.


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