Flat close despite merger news

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The markets closed flat with the Dow rising 22 points to 16,982 despite news of corporate consolidations. Nasdaq slipped 4 points to 4444.

On the upside 

TheStreet Ratings affirmed its Buy rating on EMC (NYSE: EMC).

UBS upgraded AbbVie (NYSE: ABBV) from a Neutral rating to a Buy rating.

Global Hunter upgraded Basic Energy Services (NYSE: BAS) from a Neutral rating to an Accumulate rating.

On the downside 

Manhattan Bridge Capital (Nasdaq: LOAN) priced its public offering of more than 1.754 common shares at the discounted price of $2.85 per share.

SkyWest (Nasdaq: SKYW) warned that second quarter results would fall short of expectations. 

TheStreet affirmed its Buy rating on Micron Technology (Nasdaq: MU) but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 held steady at 1978. Bitcoin lost $6 to $589.

Merger news lifts markets

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Merger news lifted the markets during the midday with the Dow rising 25 points to 16,986. Nasdaq held steady at 4449.

On the upside 

China BAK Battery (Nasdaq: CBAK) entered a strategic cooperation agreement with Dalian Institute of Chemical Physics of China Academy of Sciences to research and develop next-generation battery technology.

Shares of Move (Nasdaq: MOVE) rose on news of Zillow's (Nasdaq: Z) offer for Trulia (NYSE: TRLA).

GOL Linhas (NYSE: GOL) reported a record load factor and customer satisfaction level for June.

On the downside 

Compass Minerals International (NYSE: CMP) fell to an unexpected loss for the second quarter.

Ceragon Networks (NYSE: CRNT) swung to a profit for the second quarter but margins fell. 

Greenlight Capital sold its holdings in Rite Aid (NYSE: RAD).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added a point to 1979. Bitcoin lost $7 to $582.

Lower open despite merger news

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The markets opened lower with the Dow falling 64 points to 16,896 despite a flurry of merger news. Nasdaq dropped 31 points to 4,417.

On the upside 

Dollar Tree (NYSE: DLTR) will pay approximately $8.5 billion to buy Family Dollar Stores (NYSE: FDO).

Trulia (NYSE: TRLA) will be acquired by Zillow (Nasdaq: Z) for approximately $3.5 billion.

Shares of El Pollo Loco (Nasdaq: LOCO) continued climbing after an impressive market debut on Friday.

On the downside 

The Food and Drug Administration rejected AcelRx's (Nasdaq: ACRX) needle-free pain medication device Zalviso.

Armstrong World Industries (NYSE: AWI) disappointed with lower second quarter earnings that fell short of analyst expectations and lowered its full year outlook. 

CVS Caremark (NYSE: CVS) and Express Scripts (Nasdaq: ESRX) will no longer include Horizon Pharma's (Nasdaq: HZNP) Duexis and Vimovo on their formularies.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 9 points to 1968. Bitcoin fell $14 to $575.

Investors sold-off as corporate earnings disappointed. The markets closed sharply lower with the Dow plunging 123 points to 16,960 while Nasdaq fell 22 points to 4,449.

On the upside 

Second quarter earnings slipped for HomeAway (Nasdaq: AWAY) but the results were better than expected and the company forecast current quarter as well as full year revenue ahead of estimates.

Newpark Resources (NYSE: NR) reported higher second quarter earnings and revenue that surpassed analyst expectations.

Acacia Research (Nasdaq: ACTG) widened second quarter losses but the results were better than expected as revenue more than doubled.

On the downside 

Swift Transportation (NYSE: SWFT) reported lower second quarter earnings and blamed a shortage of truck drivers for forecasting current quarter revenue below expectations.

Second quarter earnings rose for Silicon Laboratories (Nasdaq: SLAB) but the company forecast current quarter earnings that fell short of expectations. 

DragonWave (Nasdaq: DRWI) priced its public offering of 13.85 million units at a discount.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 9 points to 1978. Bitcoin rose $3 to $599.

The markets extended its losses during the midday with the Dow plummeting 146 points to 16,937 as corporate earnings disappoint. Nasdaq dropped 25 points to 4,446.

On the upside 

Shares of El Pollo Loco (Nasdaq: LOCO) surged in its market debut.

VeriSign (Nasdaq: VRSN) reported sharply higher second quarter earnings that beat analyst expectations as revenue rose.

Mellanox Technologies (Nasdaq: MLNX) widened second quarter losses but the results were better than expected.

On the downside 

Maxim Integrated Products (Nasdaq: MXIM) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast current quarter results below estimates.

Brightcove (Nasdaq: BCOV) widened losses for the second quarter and forecast full year results that fell short of expectations prompting downgrades. 

WellCare Health Plans (NYSE: WCG) fell to a loss for the second quarter and slashed its full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 fell 11 points to 1976. Bitcoin added $1 to $597.

Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plunging 102 points to 16,980. Nasdaq lost 14 points to 4,457.

On the upside 

Qlik Technologies (Nasdaq: QLIK) widened second quarter losses but the results were better than expected.

The Royal Bank of Scotland (NYSE: RBS) reported higher second quarter earnings.

Baidu (Nasdaq: BIDU) reported sharply higher second quarter earnings that surpassed analyst expectations by a wide margin as revenue climbed.

On the downside 

Pandora Media (NYSE: P) widened second quarter losses, forecast third quarter earnings below expectations and reported sequentially lower active listeners and listener hours.

Amazon (Nasdaq: AMZN) widened second quarter losses more than expected even as revenue rose prompting  a series of downgrades. 

Informatica (Nasdaq: INFA) reported higher second quarter earnings and revenue but the company forecast current quarter results that missed analyst expectations prompting downgrades.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 lost 5 points to 1982. Bitcoin added $3 to $599.

Flat close over mixed data

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It was a flat close for the markets with the Dow slipping 2 points to 17,083 over mixed economic data. Nasdaq eased a point to 4,472.

On the upside 

Bloomberg reported that Zillow (Nasdaq: Z) may make a bid for rival Trulia (NYSE: TRLA).

Verso Paper (NYSE: VRS) amended its subordinated debt exchange offer.

Second quarter earnings fell for Overstock (Nasdaq: OSTK) but revenue climbed to surpass analyst expectations.

On the downside 

Life Time Fitness (NYSE: LTM) reported lower second quarter earnings that fell short of analyst expectations and cut its full year outlook.

Inteliquent (NYSE: IQNT) disappointed with sharply lower second quarter earnings. 

Shares of Kandi Technologies Group (Nasdaq: KNDI) continued falling.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1987. Bitcoin fell $20 to $596.

The markets traded flat during the midday with the Dow adding 3 points to 17,090 as sales of new homes tumbled 8.1% in June. Nasdaq lost 4 points to 4,469.

On the upside 

Bloomberg reported that SodaStream International (Nasdaq: SODA) may be taken private in a deal valued at approximately $828 million.

Shares of Intersect ENT (Nasdaq: XENT) soared on its first trading day.

Second quarter earnings surged threefold for VASCO Data Security International (Nasdaq: VDSI) to beat analyst expectations.

On the downside 

Liberty Media (Nasdaq: LMCA) adjusted the conversion rate of its 1.375% Cash Convertible Senior Notes due 2023.

DR Horton (NYSE: DHI) disappointed with lower third quarter earnings even as revenue rose. 

Domtar (NYSE: UFS) reversed year ago losses to post a profit for the second quarter but the results fell far short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1988. Bitcoin fell $21 to $595.

The markets opened flat with the Dow rising 6 points to 17,092 even as first time applications for unemployment benefits fell. Nasdaq slipped 2 points to 4,471.

On the upside 

Second quarter revenue climbed for Under Armour (NYSE: UA) prompting the sports apparel maker to lift its full year forecast.

Logitech International (Nasdaq: LOGI) reported sharply higher first quarter earnings and lifted its full year earnings guidance.

8x8 (Nasdaq: EGHT) reported lower first quarter earnings but revenue climbed to top analyst estimates.

On the downside 

Angie's List (Nasdaq: ANGI) widened second quarter losses more than expected prompting downgrades.

Second quarter earnings edged up for TripAdvisor (Nasdaq: TRIP) but the results fell short of expectations. 

Terex (NYSE: TEX) reported sharply higher second quarter earnings and revenue but the stock price dropped.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by a margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1988. Bitcoin fell $23 to $592.

The markets closed mixed with the Dow falling 26 points to 17,086 as concerns about global tensions tempered enthusiasm for corporate earnings. Nasdaq gained 17 points to 4,473.

On the upside 

Second quarter earnings fell for Zix (Nasdaq: ZIXI) but the results were better than expected.

PowerSecure (NYSE: POWR) landed new distributed generation business contracts worth approximately $140 million.

Puma Biotechnology's (NYSE: PBYI) upbeat test results lifted shares of Oncothyreon (Nasdaq: ONTY) and Array BioPharma (Nasdaq: ARRY).

On the downside 

Profit taking continued to sink shares of Kandi Technologies (Nasdaq: KNDI).

Integrated Device Technology (Nasdaq: IDTI) introduced its new industry first 1.5 Volt PCI Express buffer family but the stock price dropped. 

MeetMe (Nasdaq: MEET) priced its public offering of 5 million common shares at the discounted price of $2 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 3 points to close at a record 1987. Bitcoin slipped a point to $617.

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