Flat open over Yellen's comments

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The markets opened flat with the Dow slipping 2 points to 17,036 after Federal Reserve chair Janet Yellen said that the job market continued to challenged. Nasdaq added 5 points to 4537.

On the upside 

Murata Electronics will acquire Peregrine Semiconductor (Nasdaq: PSMI) in an all cash transaction valued at approximately $471 million.

Dynegy (NYSE: DYN) will pay $6.25 billion to acquire coal and gas assets from Duke Energy and Energy Capital Partners.

Second quarter earnings more than doubled for GameStop (NYSE: GME) to beat expectations as revenue soared.

On the downside 

Aeropostale (NYSE: ARO) widened second quarter losses more than expected as revenue fell and the company forecast current quarter earnings below analyst estimates.

Second quarter earnings slipped for Ann (NYSE: ANN) prompting the women's apparel retailer to lower its 2015 revenue outlook.

58.com (NYSE: WUBA) appointed Tencent senior executive vice president Xiaoguang Wu as a director. 

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 7 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1992. Bitcoin slipped $2 to $516.

Upbeat data lifts markets

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Upbeat economic data lifted the markets to a higher close with the Dow gaining 60 points to 17,039. Nasdaq added 5 points to 4532.

On the upside 

Bon-Ton Stores (Nasdaq: BONT) narrowed losses for the second quarter as revenue rose.

TrueCar (Nasdaq: TRUE) introduced a new platform that offers targeted incentives to insurance customers.

The Children's Place (Nasdaq: PLCE) narrowed second quarter losses more than expected and partnered with Arvind Lifestyle Brand to open stores in India.

On the downside 

Shares of Autohome (NYSE: ATHM) continued falling after ICBCI analyst said yesterday that the stock was overvalued.

Kirkland (NYSE: KIRK) widened second quarter losses.

Cyberonics (Nasdaq: CYBX) reported higher first quarter earnings and revenue but the results fell short of analyst expectations. 

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 1992. Bitcoin rose $12 to $519.

Jobless claims fall, markets advance

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The markets continued advancing during the midday with the Dow climbing 86 points to 17,066 as first time applications for unemployment benefits fell more than expected. Nasdaq rose 4 points to 4531.

On the upside 

Shares of Digital Ally (Nasdaq: DGLY) continued climbing.

Xunlei (NYSE: XNET) fell to a loss for the second quarter but the stock price rose.

Bank of America (NYSE: BAC) settled charges from the mortgage crisis meltdown.

On the downside 

Second quarter earnings rose for Stage Stores (NYSE: SSI) but the results fell short of expectations and the company lowered its full year earnings outlook.

Investors locked in profits on J.C. Penney (NYSE: JCP).

Shares of Staples (Nasdaq: SPLS) extended its losses. 

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 1993. Bitcoin rose $14 to $521.

A better than expected increase in existing home sales lifted the markets to a higher open with the Dow gaining 50 points to 17,030. Nasdaq added 2 points to 4524.

On the upside 

EveryWare Global (Nasdaq: EVRY) will sell its United Kingdom business to HUK 54 Limited.

Hewlett-Packard (NYSE: HPJ) reported lower third quarter earnings but revenue rose to top analyst estimates.

Shares of China Finance Online (Nasdaq: JRJC) climbed for the fourth day in a row.

On the downside 

58.com (NYSE: WUBA) reported sharply higher second quarter earnings and revenue but the company forecast current quarter revenue below analyst expectations.

Kindred Biosciences (Nasdaq: KIN) reported disappointing results from a study of CereKin to treat dogs with osteoarthritis.

Sears Holdings (Nasdaq: SHLD) widened second quarter losses as revenue fell. 

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 5 on the NYSE while decliners were on par with advancers on Nasdaq. The broader S&P 500 added 3 points to 1989. Bitcoin rose $16 to $523.

The markets closed higher with the Dow gaining 59 points to 16,979 even as the Federal Reserve minutes indicated that the agency may soon increase interest rate. Nasdaq eased a point to 4526.

On the upside 

Infineon will pay approximately $3 billion in cash to acquire International Rectifier (NYSE: IRF).

Shares of China Finance Online (Nasdaq: JRJC) continued soaring.

Pernix Therapeutics (Nasdaq: PTX) completed its acquisition of Treximet from GlaxoSmithKline and updated its 2014 and 2015 full year guidance.

On the downside 

Noranda Aluminum (NYSE: NOR) extended its losses.

Noah Holdings (NYSE: NOAH) reported higher second quarter earnings and revenue but margins fell.

Mad Money's Jim Cramer suggested that investors avoid FuelCell Energy (Nasdaq: FCEL). 

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 1986. Bitcoin gained $37 to $517.

Markets turn positive

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The markets advanced during the midday with the Dow rising 29 points to 16,948. Nasdaq added a point to 4528.

On the upside 

Second quarter earnings dropped for American Eagle Outfitters (NYSE: AEO) but the results were better than expected.

The Hain Celestial Group (Nasdaq: HAIN) reported sharply higher fourth quarter earnings that topped analyst estimates as revenue climbed to a record high.

Leju Holdings (NYSE: LEJU) reported second quarter earnings that more than doubled as revenue surged.

On the downside 

Shares of Xunlei (Nasdaq: XNET) fell ahead of its earnings release after market close.

Vringo (Nasdaq: VRNG) subsidiary I/P Engine will petition for an en banc review with the appeals court in its case against AOL, Google, et al.

La-Z-Boy (NYSE: LZB) reported higher first quarter earnings but the results fell short of analyst expectations. 

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added a point to 1983. Bitcoin added $17 to $497.

The markets opened flat with the Dow slipping 7 points to 16,911 ahead of the release of minutes from the Federal Reserve. Nasdaq lost 6 points to 4521.

On the upside 

Amicus Therapeutics (Nasdaq: FOLD) reported positive results from a Phase 3 study of its Fabry disease treatment migalastat.

Digital Ally (Nasdaq: DGLY) reported a sharp increase in inquiries about its FirstVU HD Officer-Worn Video System from law enforcement agencies.

Highpower International (Nasdaq: HPJ) will supply advanced compact lithium batteries for the Timex Ironman One GPS+ smartwatch.

On the downside 

Hertz Global (NYSE: HTZ) withdrew its earnings outlook for the full year citing car recalls and an accounting review.

RGS Energy (Nasdaq: RGSE) widened losses for the second quarter and named Dennis Lacey to the position of chief executive officer.

Youku Tudou (NYSE: YOKU) widened second quarter losses. 

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 eased a point to 1980. Bitcoin rose $15 to $495.

A strong rebound in housing starts boosted the markets to a higher close with the Dow gaining 80 points to 16,919. Nasdaq climbed 19 points to 4527.

On the upside 

The Wall Street Journal reported that Allergan (NYSE: AGN) approached Salix Pharmaceuticals (Nasdaq: SLXP) for a possible acquisition.

A district court ruled in favor of DepoMed (Nasdaq: DEPO) in its patent infringement suit against Actavis.

Shares of Taser International (Nasdaq: TASR) soared again after another fatal officer involved shooting.

American Woodmark (Nasdaq: AMWD) reported higher first quarter earnings and revenue that topped analyst expectations.

On the downside 

Lannett (NYSE: LCI) reported sharply higher preliminary fourth quarter earnings and revenue.

Shares of Sprint (NYSE: S) fell after announcing a cheaper pricing plan. 

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 9 points to 1981. Bitcoin climbed $29 to $480.

The markets extended its gains during the midday with the Dow advancing 74 points to 16,913 as housing starts climbed. Nasdaq gained 14 points to 4523.

On the upside 

China HGS Real Estate (Nasdaq: HGSH) signed its first shanty area rebuilding framework agreement with the Hantai District in Hanzhong City.

Newcastle Investment (NYSE: NCT) completed its public offering of 40 million common shares with gross proceeds of approximately $176 million.

Skilled Healthcare Group (NYSE: SKH) will merge with Genesis HealthCare in an all-stock transaction.

On the downside 

Jumei International Holding (NYSE: JMEI) reported higher second quarter earnings and revenue but the stock price dropped.

Oncothyreon (Nasdaq: ONTY) reported disappointing results from a Phase 1/2 trial of its lung cancer treatment tecemotide. 

Second quarter earnings and revenue rose for Perfect World (Nasdaq: PWRD) but revenue fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 climbed 8 points to 1980. Bitcoin gained $27 to $479.

A surge in July housing starts lifted the markets to a higher open with the Dow gaining 53 points to 16,892. Nasdaq rose 9 points to 4517.

On the upside 

China Finance Online (Nasdaq: JRJC) extended its gains.

Former Aeropostale (NYSE: ARO) chief executive Julian Geiger will return to ailing retailer to replace Thomas Johnson.

Vringo (NYSE: VRNG) chief financial officer Anastasia Nyrkovskaya bought shares of the intellectual property company.

On the downside 

Elizabeth Arden (Nasdaq: RDEN) widened fourth quarter losses more than expected as revenue dropped and warned of continued challenges in 2015.

Morgan Stanley initiated coverage of El Pollo Loco (Nasdaq: LOCO) with an Underweight rating. 

BHP Billiton (NYSE: BBL) will spinoff its metals and mining business.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 1977. Bitcoin rose $28 to $480.

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