Mixed close as jobless claims rise

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Despite a drop in the nation's trade deficit, the markets closed mixed with the Dow rising 23 points to 16,374 as jobless claims rose more than expected. Nasdaq lost 16 points to 4,733.

On the upside

NCI Building Systems (NYSE: NCI) reported higher third quarter earnings that topped analyst estimates.
 
Third quarter earnings for Greif (NYSE: GEF) surpassed expectations prompting the company to lift its full year earnings outlook.

Bargain hunters lifted shares of Navistar International (NYSE: NAV).

On the downside

Shares of Ambarella (Nasdaq: AMBA) continued falling.
 
TheStreet's Adam Feuerstein expects the Food and Drug Administration to approve Biomarin's (Nasdaq: BMRN) Duchenne muscular dystrophy treatment drisapersen instead of Sarepta Therapeutics' (Nasdaq: SRPT) eteplirsen.

Third quarter earnings and revenue for Calavo Growers (Nasdaq: CVGW) fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1,951. Bitcoin slipped $2 to $225.

Mixed close as jobless claims rise

|
Despite a drop in the nation's trade deficit, the markets closed mixed with the Dow rising 23 points to 16,374 as jobless claims rose more than expected. Nasdaq lost 16 points to 4,733.

On the upside

NCI Building Systems (NYSE: NCI) reported higher third quarter earnings that topped analyst estimates.
 
Third quarter earnings for Greif (NYSE: GEF) surpassed expectations prompting the company to lift its full year earnings outlook.

Bargain hunters lifted shares of Navistar International (NYSE: NAV).

On the downside

Shares of Ambarella (Nasdaq: AMBA) continued falling.
 
TheStreet's Adam Feuerstein expects the Food and Drug Administration to approve Biomarin's (Nasdaq: BMRN) Duchenne muscular dystrophy treatment drisapersen instead of Sarepta Therapeutics' (Nasdaq: SRPT) eteplirsen.

Third quarter earnings and revenue for Calavo Growers (Nasdaq: CVGW) fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1,951. Bitcoin slipped $2 to $225.

Drop in trade deficit lifts markets

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A drop in the nation's trade deficit lifted the markets higher during the midday with the Dow climbing 98 points to 16,449. Nasdaq rose 14 points to 4,764.

On the upside

Pericom Semiconductor (Nasdaq: PSEM) will be acquired by Diodes (Nasdaq: DIOD) in an all cash deal valued at approximately $400 million.
 
Methode Electronics (NYSE: MEI) reported higher first quarter earnings that surpassed analyst expectations.

Lannett (NYSE: LCI) will pay approximately $1.23 billion to acquire Kremers Urban Pharmaceuticals.

On the downside

Investors locked in profits on Trevana (Nasdaq: TRVN).
 
Catalent (NYSE: CTLT) reported sharply higher fourth quarter earnings that topped estimates but the stock price fell.

Hulu's announcement that it would offer an ad-free streaming service sent shares of Netflix (Nasdaq: NFLX) tumbling.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 12 points to 1,961. Bitcoin slipped $2 to $225.

Higher open as trade deficit narrows

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The nation's trade deficit narrowed in July to lift the markets to a higher open with the Dow surging 151 points to 16,503. Nasdaq leaped 35 points to 4,785.

On the upside

Verizon's (NYSE: VZ) AOL will pay a premium of approximately $250 million to acquire Millennial Media (NYSE: MM).
 
The New England Journal of Medicine will publish two papers demonstrating the effectiveness of Geron's (Nasdaq: GERN) imetelstat.

UniPixel (Nasdaq: UNXL) delivered samples to a new touch panel integration partner for a prospective new Tier 1 PC OEM client.

On the downside

Joy Global (NYSE: JOY) disappointed with sharply lower third quarter earnings that fell short of expectations prompting the company to lower its full year outlook.
 
Five Below (NYSE: FIVE) reported lower second quarter earnings and forecast current quarter results below expectations.

Third quarter earnings rose for Ciena (NYSE: CIEN) but revenue slipped to fall short of estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 surged 21 points to 1,970. Bitcoin eased a fraction to $226.
The markets rebounded from yesterday's collapse to close sharply higher with the Dow rocketing 292 points to 16,351. Nasdaq leaped 113 points to 4,749.

On the upside

Reuters reported that Puerto Rico's Electric Power Authority restructured its debt sending shares of MBIA (NYSE: MBI) higher.
 
Bargain hunters lifted shares of Arch Coal (NYSE: ACI).

Zacks Equity Research added AAC Holdings (NYSE: AAC) to its Zacks Rank #1 Strong Buy list.

On the downside

AeroVironment (Nasdaq: AVAV) widened first quarter losses more than expected.
 
Shares of Chesapeake Energy (NYSE: CHK) fell as crude oil inventories rose.

Investors locked in profits on Forward Industries (Nasdaq: FORD).

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 soared 35 points to 1,948. Bitcoin added $1 to $227.
The markets traded sharply higher during the midday with the Dow surging 171 points to 16,229 as worker productivity climbed. Nasdaq soared 50 points to 4,686.

On the upside

Synergetics USA (Nasdaq: SURG) will be acquired by Valeant Pharmaceuticals (Nasdaq: VRX) for a premium of approximately $166 million.
 
Second quarter results for Vera Bradley (Nasdaq: VRA) topped analyst estimates prompting the company to lift its full year earnings outlook.

OFG Bancorp (NYSE: OFG) declared quarterly dividends on its preferred stock.

On the downside

Heartware International (Nasdaq: HTWR) will acquire privately held Valtech Cardio.
 
SFX Entertainment's (Nasdaq: SFXE) business operations have been negatively impacted by the downgrading of its corporate credit rating.

Cowen downgraded Republic Airways (Nasdaq: RJET) from a Market Perform rating to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 15 points to 1,928. Bitcoin added $2 to $227.
A strong 3.3% gain in worker productivity lifted the markets to a higher open with the Dow soaring 182 points to 16,241. Nasdaq gained 30 points to 4,666.

On the upside

WPCS International (Nasdaq: WPCS) received $3.0 million in new contracts in July and August.
 
BiondVax Pharmaceuticals (Nasdaq: BVXV) will collaborate with the National Institute of Allergy and Infectious Diseases to conduct a Phase 2 trial of BiondVax's flu vaccine Multimeric-001.

Unilife (Nasdaq: UNIS) engaged the services of Morgan Stanley to explore strategic alternatives to maximize shareholder value after a third party expressed interest in the company.

On the downside

Bloomberg reported that Baxalta (NYSE: BXLT) ended discussions to acquire Ariad Pharmaceuticals (Nasdaq: ARIA).
 
Ambarella (Nasdaq: AMBA) reported higher second quarter earnings and revenue but the company forecast disappointing current quarter revenue.

Shares of GoPro (Nasdaq: GPRO) tumbled after supplier Ambarella (Nasdaq: AMBA) said that wearable camera sales will drop.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 1,931. Bitcoin slipped $1 to $227.

Markets collapse over Chinese economy

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The markets crashed with the Dow diving 469 points to 16,058 as factory growth slowed in the U.S. while China's manufacturing sector contracted. Nasdaq collapsed 140 points to 4,636.

On the upside

Internap (Nasdaq: INAP) is exploring strategic alternatives to increase shareholder value.
 
Shares of Prima Biomed (Nasdaq: PBMD) continued rising.

On the downside

Variety reported that Apple (Nasdaq: AAPL) was exploring the possibility of producing original programming for streaming.
 
Republic Airways' (Nasdaq: RJET) pilots union is carefully reviewing the airliner's second quarter financial report.

Shares of Peabody Energy (NYSE: BTU) fell after Barron's.com reported that demand for coal would drop.

General Electric (NYSE: GE) completed the sale of its U.S. fleet services business.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 slumped 58 points to 1,913. Bitcoin slipped $3 to $225. 
The markets posted steep losses during the midday with the Dow collapsing 416 points to 16,112 as China's manufacturing sector contracted sharply. Nasdaq crashed 115 points to 4,661.

On the upside

Bargain hunters snapped up shares of Forward Industries (Nasdaq: FORD).
 
Noranda Aluminum (NYSE: NOR) completed a shipment of 31,000 metric tones of smelter grade alumina to a smelter in China.

Deutsche Bank upgraded J.C. Penney (NYSE: JCP) yesterday from a Hold rating to a Buy rating.

On the downside

Axion Power International (Nasdaq: AXPW) received notice from the Nasdaq Stock Market that it failed to meet the minimum $2.5 million stockholders equity for continued listing.
 
Second quarter shipments of coal from Arch Coal's (NYSE: ACI) Appalachia segment fell and the price dropped.

Two California pension funds sent a letter to Bank of America (NYSE: BAC) director Jack Bovender opposing an amendment to the bank's bylaws that would combine the role of chief executive and chairman into one position.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 plunged 50 points to 1,921. Bitcoin slipped $2 to $226. 
Disappointing economic data from China sent the markets plummeting with the Dow skidding 356 points to 16,171. Nasdaq slumped 88 points to 4,688.

On the upside

Trevena (Nasdaq: TRVN) announced positive Phase 2b study results of its moderate to severe acute postoperative pain treatment TRV130.
 
Stereotaxis (Nasdaq: STXS) received a patent for data transmission across a network to a high-resolution display facilitating the management of medical procedures.

Steven Cohen's Point72 Asset Management acquired a 5.1% stake in SunEdison (NYSE: SUNE).

On the downside

GoPro (Nasdaq: GPRO) introduced a new feature to trim and share short video clips but the stock price fell.
 
Netflix (Nasdaq: NFLX) did not renew its content deal with Epix.

Bloomberg noted that the average yield of Freeport-McMoRan's (Nasdaq: FCX) bonds were higher than junk bonds.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 41 points to 1,930. Bitcoin slipped $1 to $227.

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