Flat Close For Markets

On the upside

Blue Coat Systems (Nasdaq: BCSI) reversed year ago losses to post a profit for the first quarter.

Shares of Hovnanian Enterprises (NYSE: HOV) climbed after the Commerce Department reported that new home sales surged in July.

US Airways (NYSE: LCC) announced fee increases of $5 each for first and second checked bags.

On the downside

Although Concurrent Computer (Nasdaq: CCUR) reversed year ago losses to post a fourth quarter profit, the company warned of weakness in the first quarter.

Brown Shoe Co. (NYSE: BWS) swung to a loss for the second quarter as sales fell.

Shares of Citigroup (NYSE: C) fell even as mortgage applications rose.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 584.