Drop In Factory Orders Weighs Down Markets
The markets extended its losses during the midday with
the
Dow plunging 102 points to 11,764 as factory orders dropped in June. Nasdaq fell 13 points to
2655.
On the upside
SuccessFactors (Nasdaq: SFSF) widened second quarter losses but the results beat expectations as revenue climbed.XL Group (NYSE: XL) reported higher second quarter earnings that surpassed analyst expectations by a wide margin.
Allscripts Healthcare (Nasdaq: MDRX) reported higher second quarter earnings as revenue rose.
Second quarter earnings plunged for R. R. Donnelley & Sons (Nasdaq: RRD) due to charges prompting a downgrade.
Wabash National (NYSE: WNC) reversed year ago losses to post a profit for the second quarter but the results missed estimates.
Second quarter earnings rose for Kforce (Nasdaq: KFRC) but the results fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 763.
