August 2013 Archives

A drop in August consumer sentiment weighed the markets down to a lower close with the Dow losing 30 points to 14,810. Nasdaq fell 30 points to 3589.

On the upside

A Seeking Alpha contributor expects GTx (Nasdaq: GTXI) to rebound.

JPMorgan noted that SouFun (NYSE: SFUN) was a market leader in the Chinese online real estate services sector.

OPKO Health (NYSE: OPK) announced that its 3.0% convertible senior notes were now convertible to common stock.


On the downside


Parkervision (Nasdaq: PRKR) continued falling after losing a partial summary judgment motion filed by the company.


Nokia (NYSE: NOK) unveiled its Here Auto connected car navigation system but the stock price fell.

Synovus (NYSE: SNV) will present at the Barclays Global Financial Services Conference on September 9, 2013.  

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 1632.

Markets Extend Losses

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The markets extended its losses during the midday with the Dow falling 47 points to 14,793 as consumer sentiment retreated. Nasdaq dropped 28 points to 3591.

On the upside

Splunk (Nasdaq: SPLK) widened second quarter losses but the results were better than expected and the data management software firm lifted its full year guidance.

Carter's (NYSE: CRI) will buy back $400 million worth of common stock through an accelerated share repurchase plan.

Barron's recommended buying Vipshop (NYSE: VIPS).


On the downside


Pacific Sunwear of California (Nasdaq: PSUN) widened second quarter losses and forecast current quarter results below estimates.


Shares of Frontline (NYSE: FRO) continued falling after reporting a wider than expected loss on Wednesday.

McEwen Mining (NYSE: MUX) filed a technical report for the El Gallo Complex.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 lost 5 points to 1632.

August consumer sentiment fell to weigh the markets down to a lower open with the Dow losing 34 points to 14,806. Nasdaq fell 18 points to 3601.

On the upside

Salesforce.com (NYSE: CRM) swung to a better than expected profit for the second quarter as revenue climbed.

Sinopec International Petroleum Exploration and Production will pay approximately $3.1 billion in cash to acquire a 33% stake in Apache's (NYSE: APA) Egyptian oil and gas business.

ReneSola (NYSE: SOL) narrowed losses for the second quarter as revenue soared.


On the downside


OmniVision Technologies (Nasdaq: OVTI) reported sharply higher first quarter earnings but revenue fell short of expectations prompting downgrades.


Second quarter earnings slipped for Krispy Kreme Doughnuts (NYSE: KKD) to fall short of expectations.

JPMorgan downgraded e-Commerce China Dangdang (NYSE: DANG) from a Neutral rating to an Underweight rating.  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 slipped 3 points to 1634.

Higher Close As Economy Expands

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Despite tensions in Syria, the markets closed modestly higher with the Dow rising 16 points to 14,840 as the nation's economy expanded at a greater than expected pace in the second quarter. Nasdaq gained 26 points to 3620.

On the upside

Shares of Pacific Sunwear (Nasdaq: PSUN) rose ahead of its earnings release after market close.

eGain (Nasdaq: EGAN) reversed year ago losses to post a profit for the fourth quarter.

Bargain hunters lifted shares of McEwen Mining (NYSE: MUX).


On the downside


Shanda Games (Nasdaq: GAME) reported higher second quarter earnings but revenue fell.


Corinthian Colleges (Nasdaq: COCO) narrowed fourth quarter losses but the for profit educator warned of a challenging year ahead.

Genesco (NYSE: GCO) reported preliminary second quarter earnings and revenue that fell short of analyst expectations.  

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 2 on Nasdaq. The broader S&P 500 added 3 points to 1638.

GDP Expands, Markets Advance

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The nation's economy expanded at a greater than expected pace in the second quarter to lift the markets during the midday with the Dow gaining 62 points to 14,887. Nasdaq climbed 33 points to 3626.

On the upside

Methode Electronics (NYSE: MEI) reported sharply higher first quarter earnings that more than tripled as sales surged.

National Bank of Greece (NYSE: NBG) reported a better than expected profit for the first half of the year as loan loss provisions dropped.

K12 (NYSE: LRN) reported higher fourth quarter earnings that topped analyst estimates as revenue rose.


On the downside


Signet Jewelers (NYSE: SIG) reported lower second quarter earnings and forecast current quarter earnings below estimates.


Opko Health (NYSE: OPK) completed its acquisition of PROLOR Biotech.

Cimatron (Nasdaq: CIMT) priced its public offering of 900,000 ordinary shares at the discounted price of $6 per share.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 7 points to 1642.

Falling Oil Prices Lift Markets

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Falling oil prices lifted the markets to a higher open with the Dow rising 34 points to 14,858. Nasdaq gained 25 points to 3618.

On the upside

Verizon (NYSE: VZ) is considering paying approximately $130 billion to acquire Vodafone's (Nasdaq: VOD) 45% stake in Verizon Wireless.

Guesss (NYSE: GES) reported lower second quarter earnings but the results were better than expected.

Ford (NYSE: F) Fusion sales climbed 13% this year prompting the automaker to increase production of the midsize sedan.


On the downside


A patient in an early stage clinical trial of Arena Pharmaceuticals' (Nasdaq: ARNA) pulmonary arterial hypertension treatment APD811 experienced a heart rhythm disorder.


JA Solar Holdings (Nasdaq: JASO) narrowed second quarter losses but the results fell short of expectations.

The Fresh Market (Nasdaq: TFM) reported higher second quarter earnings but the company forecast full year earnings below estimates.  

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 6 points to 1641.

Despite the impending possibility of military strikes against Syria, the markets closed higher with the Dow gaining 48 points to 14,824. Nasdaq rose 14 points to 3593.

On the upside

Plains All American Pipeline offered to purchase the remaining shares of PAA Natural Gas Storage (NYSE: PNG) that it did not already own.

Hindu Business Line reported that Sify Technologies (Nasdaq: SIFY) may offer telecom services over the Internet.

Shares of Lee Enterprises (NYSE: LEE) continued rising after a Seeking Alpha contributor wrote last week that the stock price may double.


On the downside


Profit taking sank shares of Prana Biotechnology (Nasdaq: PRAN) .


LTX-Credence (Nasdaq: LTXC) fell to a loss for the fourth quarter as revenue dropped.

Retreating gold prices weighed down share of AngloGold Ashanti (NYSE: AU), Gold Fields (NYSE: GFI) and Harmony Gold (NYSE: HMY).  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 added 4 points to 1634.

The markets advanced during the midday with the Dow climbing 77 points to 14,853 as investors continued to monitor the Syrian situation. Nasdaq gained 27 points to 3605.

On the upside

Accuray (Nasdaq: ARAY) narrowed fourth quarter losses as new product orders increased.

Seeking Alpha noted that Baker Bros. increased their holdings in Halozyme Therapeutics (Nasdaq: HALO).

Express (NYSE: EXPR) reported higher second quarter earnings as revenue rose.


On the downside


AutoNavi Holdings (Nasdaq: AMAP) reported sharply lower second quarter earnings that fell short of analyst expectations.


Investors locked in profits on Catalyst Pharmaceutical Partner (Nasdaq: CPRX).

JPMorgan downgraded Taser International (Nasdaq: TASR) from an Overweight rating to a Neutral rating.  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 10 points to 1640.

The markets opened modestly higher with the Dow rising 14 points to 14,790 after yesterday's sell-off. Nasdaq added 5 points to 3583.

On the upside

Astex Pharmaceuticals (Nasdaq: ASTX) reported upbeat preliminary results from a Phase 2 study of its acute myeloid leukemia treatment SGI-110.

Third quarter earnings slipped for Avago Technologies (Nasdaq: AVGO) but the results surpassed analyst expectations as revenue rose.

Zale (NYSE: ZLC) narrowed fourth quarter losses more than expected as same store sales climbed by a greater than expected 5.6%.


On the downside


Joy Global (NYSE: JOY) reported lower third quarter earnings as revenue fell and the mining equipment maker warned of slowing sales.


Qihoo 360 Technology (NYSE: QIHU) priced its private placement offering of $550 million worth of convertible senior notes.

Frontline (NYSE: FRO) widened second quarter losses more than expected as revenue tumbled.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added a point to 1631.

Fears that military strikes against Syria will begin later this week sent the markets plummeting to a sharply lower close with the Dow skidding 170 points to 14,776. Nasdaq stumbled 79 points to 3578.

On the upside

A Seeking Alpha contributor wrote that Stereotaxis (Nasdaq: STXS) had great long term potential.

Dean Foods (NYSE: DF) completed its 1-for-2 reverse stock split and affirmed its third quarter outlook.

The California New Car Dealers Association reported that Tesla Motors' (Nasdaq: TSLA) Model S was the third best selling luxury/sports car in the state for the first six months of 2013.


On the downside


dELiA*s (Nasdaq: DLIA) widened second quarter losses as revenue fell.


Invesors locked in profits on Brocade Communications Systems (Nasdaq: BRCD).

The government's mortgage fraud lawsuit against Bank of America (NYSE: BAC) will go to trial next month.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 7 to 1 on Nasdaq. The broader S&P 500 plunged 26 points to 1630.

The possibility of military strikes against Syria sent the markets plunging during the midday with the Dow collapsing 161 points to 14,785. Nasdaq plummeted 76 points to 3580.

On the upside

Bargain hunters lifted shares of Ambarella (Nasdaq: AMBA).

DSW (NYSE: DSW) reported higher second quarter earnings that surpassed analyst expectations as revenue rose.

Cowen analyst Robert Stone wrote that the manufacturing plant that is being jointly built by UniPixel (Nasdaq: UNXL) and Kodak was on schedule.


On the downside


Rising oil prices weighed down shares of United Continental Holdings (NYSE: UAL).


Brown Shoe Co. (NYSE: BWS) reversed year ago losses to post a profit for the second quarter but the company forecast full year earnings below estimates.

Acura Pharmaceuticals (Nasdaq: ACUR) reported that its abuse resistant pain medication failed a mid-stage clinical trial.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 tumbled 24 points to 1632.

Escalating tensions in Syria sent the markets down to a sharply lower open with the Dow plunging 96 points to 14,850. Nasdaq tumbled 39 points to 3618.

On the upside

The Food and Drug Administration granted Breakthrough Therapy Designation to Catalyst Pharmaceuticals Partners' (Nasdaq: CPRX) Lambert-Eaton Myasthenic Syndrome treatment Firdapse.

Akorn (Nasdaq: AKRX) will pay a premium of approximately $640 million in cash to acquire rival generic drug maker Hi-Tech Pharmacal (Nasdaq: HITK).

MannKind (Nasdaq: MNKD) published Frequently Asked Questions about the Affinity 1 and Affinity 2 trials of its inhaled insulin product Afrezza.


On the downside


LDK Solar (NYSE: LDK) narrowed second quarter losses but its cash equivalents plunged.


Investors locked in profits on SunEdison (NYSE: SUNE).

Integrated Device Technology (Nasdaq: IDTI) president and chief executive officer Ted Tewkbury resigned.  

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 dropped 14 points to 1642.

Concerns that Syria used chemical weapons in its two-year old civil war sent the markets tumbling to a lower close with the Dow dropping 64 points to 14,946. Nasdaq held steady at 3657.

On the upside

A Seeking Alpha contributor wrote that Cimatron (Nasdaq: CIMT) was undervalued.

RadioShack (NYSE: RSH) offered HD antennas for 25% off through September 7 as an alternative to cable service.

Magnum Hunter Resources (NYSE: MHR) declared a dividend of warrants to purchase common stock that is payable on October 15, 2013 to shareholders of record September 16, 2013.


On the downside


Shares of Pilgrim's Pride (Nasdaq: PPC) fell after Merrill Lynch downgraded rival Tyson Foods (NYSE: TSN).


Private investment firm TPG will $108.6 million in Xinyuan Real Estate (NYSE: XIN) but the stock price dropped.

Bill Ackman will sell his entire 18% stake in J.C. Penney (NYSE: JCP).  

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 6 points to 1656.

The markets traded higher during the midday with the Dow gaining 26 points to 15,037 as a sharp drop in durable goods orders sparked speculation that the Federal Reserve would delay tapering. Nasdaq climbed 24 points to 3682.

On the upside

Response Genetics (Nasdaq: RGDX) acquired assets of Pathwork diagnostics including the proprietary FDA-cleared, Medicare-reimbursed test to diagnose metastatic, poorly differentiated and undifferentiated cancer.

The Pritzker family will pay a premium of approximately $1 billion in cash to acquire TMS International (NYSE: TMS).

Rumors circulated that BioMarin (Nasdaq: BMRN) may make an offer to acquire the remaining shares of Catalyst Pharmaceutical Partners (Nasdaq: CPRX) that it does not already own.


On the downside


A Seeking Alpha contributor expects Ambarella (Nasdaq: AMBA) to report third quarter earnings below expectations and to trim its full year guidance.


JPMorgan downgraded Noah Holdings (NYSE: NOAH) from an Overweight rating to a Neutral rating.

A judge denied a mistrial request made by Marvell Technology (Nasdaq: MRVL) in a patent infringement suit in which Marvell was order to pay Carnegie Mellon University $1.17 billion in damages.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 added 4 points to 1667.

Higher Open As Home Prices Rise

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A strong 7.7% gain in home prices lifted the markets to a higher open with the Dow rising 28 points to 15,038. Nasdaq gained 15 points to 3672.

On the upside

Amgen (Nasdaq: AMGN) will pay a premium of approximately $10.4 billion in cash to acquire Onyx Pharmaceuticals (Nasdaq: ONXX).

Qihoo 360 Technology (NYSE: QIHU) reported sharply higher second quarter earnings that more than quadrupled to surpass analyst expectations by a wide margin.

Citigroup initiated coverage of 3D Systems (NYSE: DDD) with a Buy rating and a $60 price target.


On the downside


A Seeking Alpha article said that Nuverra Environmental Solutions (NYSE: NES) had the potential to lose 80% of its value in the next year and would likely file for bankruptcy.


Merrill Lynch downgraded Tyson Foods (NYSE: TSN) from a Buy rating to a Neutral rating.

Rigel Pharmaceuticals (Nasdaq: RIGL) will no longer develop R343 to treat allergic asthma after the inhaled SYK inhibitor failed a Phase 2 clinical trial.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 added 4 points to 1667.

Nasdaq ended the day without a hitch to lift the markets to a modestly higher close with the Dow gaining 46 points to 15,010. Nasdaq rose 19 points to 3657.

On the upside

Motley Fool noted that Prana Biotechnology (Nasdaq: PRAN) was testing one of the more promising drugs that could be a potential treatment for Alzheimer's disease.

Bargain hunters lifted shares of Itau Unibanco Holding (NYSE: ITUB).

Darling International (NYSE: DAR) will acquire the animal by-products recycling business of Maple Leaf Foods.


On the downside


Hibbett Sports (Nasdaq: HIBB) reported higher second quarter earnings and revenue but the sporting goods retailer lowered its full year earnings guidance.


A sharp 13.4% plunge in July new home sales weighed down shares of KB Home (NYSE: KBH) and Ryland Group (NYSE: RYL).

TheStreet wrote that MannKind (Nasdaq: MNKD) was overvalued and that its Afrezza inhaler was inferior to Novo Nordisk's Novolog.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 1663.

The markets traded higher during the midday with the Dow rising 11 points to 14,975 as investors welcomed news of Microsoft chief executive Steve Ballmer's retirement within the next year. Nasdaq gained 11 points to 3650.

On the upside

Net 1 Ueps Technologies (Nasdaq: UEPS) reported higher second quarter earnings that beat analyst expectations as revenue rose.

Expedia (Nasdaq: EXPE) and Travelocity entered an exclusive marketing agreement.

Independent Bank (Nasdaq: IBCP) priced its public offering of 11.5 million common shares at the discounted price of $7.75 per share.


On the downside


GlaxoSmithKline reported disappointing results from a Phase III SHIELD-1 study of the Crohn's disease treatment vercirnon that was licensed from ChemoCentryx (Nasdaq: CCXI).


DFC Global (Nasdaq: DFC) reversed year ago losses to post a profit for the fourth quarter but revenue fell short of expectations.

Deutsche Bank downgraded Dendreon (Nasdaq: DNDN) from a Hold rating to a Sell rating.  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 2 points to 1659.

Mixed Open After Nasdaq Outage

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The markets opened mixed with the Dow slipping 12 points to 14,951 while Nasdaq gained 11 points to 3650 after a three hour outage paralyzed Nasdaq yesterday.

On the upside

Microsoft (Nasdaq: MSFT) chief executive Steve Ballmer will retire within the next year.

Jefferies Group upgraded Renren (NYSE: RENN) from an Underperform rating to a Hold rating.

Second quarter earnings slipped for Autodesk (Nasdaq: ADSK) but the results beat analyst expectations.


On the downside


Pandora Media (NYSE: P) widened second quarter losses and forecast current quarter earnings below expectations prompting a downgrade.


Aeropostale (NYSE: ARO) fell to a greater than expected loss for the second quarter and warned of significant losses for the third quarter.

Marvell Technology Group (Nasdaq: MRVL) reported lower second quarter earnings and revenue.  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added a point to 1657.

Higher Close Despite Nasdaq Outage

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Despite a 3 hour outage at Nasdaq, the markets closed higher with the Dow gaining 66 points to 14,963 over upbeat global economic data. Nasdaq climbed 38 points to 3638.

On the upside

Magnum Hunter (NYSE: MHR) continued rising after reporting proved, probable and possible reserves yesterday.

Nomura Securities upgraded Microsoft (Nasdaq: MSFT) from a Neutral rating to a Buy rating.

Yahoo (Nasdaq: YHOO) had more unique Web visitors in July than Google (Nasdaq: GOOG).


On the downside


LightInTheBox (NYSE: LITB) continued falling after reporting disappointing results Monday after market close.


Noah Holdings (NYSE: NOAH) reported sharply higher second quarter earnings and revenue but the stock price fell on news that the company replaced its chief financial officer.

Second quarter earnings fell for Stage Stores (NYSE: SSI) to miss analyst expectations.  

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 1656.

Upbeat global economic data lifted the markets during the midday with the Dow rising 50 points to 14,948. Nasdaq gained 31 points to 3631.

On the upside

Cenveo (NYSE: CVO) will pay approximately $25 million in cash and stock to acquire the operating assets of National Envelope.

Horizon Pharma (Nasdaq: HZNP) settled a patent suit against Par Pharmaceutical by granting Par non-exclusive rights to market generic versions of DUEXIS.

A Seeking Alpha contributor expect IntelliPharmaCeutics (Nasdaq: IPCI) to double.


On the downside


ValueVision Media (Nasdaq: VVTV) narrowed second quarter losses but the results fell short of expectations.


SolarWinds (NYSE: SWI) executive vice president and chief financial officer Michael Berry will depart the IT management software firm on October 1, 2013.

Gold Fields (NYSE: GFI) will pay approximately $300 million to acquire Barrick Gold's Yilgarn South Assets in Western Australia.  

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 10 points to 1653.

An increase in manufacturing activity lifted the markets to a higher open with the Dow gaining 61 points to 14,959. Nasdaq climbed 37 points to 3637.

On the upside

SunEdison (NYSE: SUNE) announced plans to spinoff its semiconductor business into a separate publicly traded company called SunEdison Semiconductor.

Second quarter earnings and revenue fell for GameStop (NYSE: GME) but the results were better than expected and the company lifted its full year guidance. 

The Hain Celestial Group (Nasdaq: HAIN) reported higher fourth quarter earnings and revenue that surpassed analyst expectations and forecast 2014 results above analyst estimates.


On the downside


Hewlett-Packard (NYSE: HPQ) reversed year ago losses to post a profit for the third quarter but revenue fell and the results missed expectations.


Abercrombie & Fitch (NYSE: ANF) disappointed with lower second quarter earnings and revenue that fell short of analyst expectations and forecast current quarter results well below estimates.

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

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 12 points to 1655.

Vague comments about the timing of the Federal Reserve tapering sent the markets tumbling to a sharply lower close with the Dow plummeting 105 points to 14,897. Nasdaq fell 13 points to 3599.

On the upside

Tuesday Morning (Nasdaq: TUES) widened losses for the fourth quarter and named Michael Rouleau to the position of chief executive officer.

Cowen & Co.'s upgrade of Trina Solar (NYSE: TSL) lifted shares of Yingli Green Energy (NYSE: YGE) and Renesola (NYSE: SOL). 

Dougherty & Co. initiated coverage of BioTelemetry (Nasdaq: BEAT) with a Buy rating.


On the downside


Bottomline Technologies (Nasdaq: EPAY) widened fourth quarter losses.


21Vianet Group (Nasdaq: VNET) fell to a greater than expected loss for the second quarter.

UBS downgraded Harmony Gold Mining (NYSE: HMY) from a Neutral rating to a Sell rating.  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 fell 9 points to 1642.

The markets extended its losses during the midday with the Dow falling 68 points to 14,934 ahead of the release of the Federal Reserve's meeting minutes. Nasdaq lost 9 points to 3604.

On the upside

Cowen & Co. upgraded Trina Solar (NYSE: TSL) from Market Perform to Outperform.

The European Patent Office will grant Galena Biopharma (Nasdaq: GALE) a Pharmaceutical Use Patent for its breast cancer relapse prevention vaccine NeuVax. 

Diamond Foods (Nasdaq: DMND) offered to settle a class action lawsuit by paying $11 million in cash and issuing 4.45 million common shares.


On the downside


Office Depot (NYSE: ODP) settled a dispute with its largest shareholder by allowing Starboard Value to name three directors to the board.


Goodrich Petroleum (NYSE: GDP) entered private exchange agreements for $109.25 million worth of convertible senior notes.

Bloomberg reported that BlackBerry (Nasdaq: BBRY) would be sold in pieces.  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 lost 6 points to 1645.

Lower Open Over Tapering Concerns

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The markets opened lower with the Dow losing 39 points to 14,963 despite an increase in existing home sales as the impending Federal Reserve tapering weighed on investors. Nasdaq slipped 2 points to 3611.

On the upside

Incyte (Nasdaq: INCY) reported upbeat results from a Phase II clinical trial of its pancreatic cancer treatment ruxolitinib.

Lowe's (NYSE: LOW) reported higher second quarter earnings and revenue that beat analyst expectations prompting the home improvement retailer to lift its full year outlook. 

Second quarter earnings surged for SGOCO Group (Nasdaq: SGOC) as revenue climbed.


On the downside


Staples (Nasdaq: SPLS) disappointed with lower second quarter earnings and revenue that fell short of analyst expectations and cut its full year guidance.


Second quarter earnings rose for American Eagle Outfitters (NYSE: AEO) but revenue fell and the teen apparel retailer forecast sharply lower current quarter earnings that missed expectations by a wide margin.

Angie's List (Nasdaq: ANGI) named Thomas R. Fox to the position of chief financial officer.  

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 slipped 3 points to 1648.

Mixed Close Over Fed Tapering

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The markets closed mixed with the Dow slipping 7 points to 15,002 in response to Federal Reserve minutes indicating that tapering may begin sooner than expected. Nasdaq gained 24 points to 3613.

On the upside

Shares of NetEase (Nasdaq: NTES) continued rising after announcing a joint venture with Chinese Telecom to offer YiChat social instant messaging.

T.J. Maxx and Marshalls parent TJX  (NYSE: TJX) reported higher second quarter earnings that topped analyst estimates. 

NF Energy (Nasdaq: NFEC) will retrofit 58 of Dongguan Xianjia Plastic Products' injecting molding machines with energy efficient improvements.


On the downside


Perfect World (Nasdaq: PWRD) disappointed with sharply lower second quarter earnings.


Second quarter earnings plunged for China Techfaith Wireless Communication Technology (Nasdaq: CNTF).

Second quarter earnings climbed for Aegean Marine Petroleum Network (NYSE: ANW) but the results fell short of analyst expectations.  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 gained 6 points to 1652.

Markets Advance On Earnings

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The markets advanced during the midday with the Dow rising 46 points to 15,057 as investors focused on earnings. Nasdaq climbed 30 points to 3619.

On the upside

Urban Outfitters (Nasdaq: URBN) reported higher second quarter earnings that topped analyst estimates as revenue soared.

XOMA (Nasdaq: XOMA) priced its public offering of nearly 7.6 million common shares at the discounted price of $3.62 per share. 

Trina Solar (NYSE: TSL) narrowed second quarter losses and increased its panel shipment forecast for 2014.


On the downside


Dick's Sporting Goods (NYSE: DKS) reported higher second quarter earnings but the results fell short of expectations and lowered its full year earnings guidance.


Alvarion's (Nasdaq: ALVR) operating plan that was approved after the appointment of a Receiver will end on August 23.

StealthGas (Nasdaq: GASS) disappointed with sharply lower second quarter earnings that missed analyst estimates as expenses climbed.  

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 10 points to 1656.

Flat Open Over Mixed Earnings

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The markets opened flat with the Dow adding 3 points to 15,013 while Nasdaq rose 8 points to 3597 over mixed earnings from retailers.

On the upside

Second quarter earnings soared for Best Buy (NYSE: BBY) as the electronics retailer cut costs.

J.C. Penney (NYSE: JCP) widened second quarter losses as revenue dropped but the stock price rose. 

Ladenburg Thalmann initiated coverage of Superconductor Technologies (Nasdaq: SCON) with a Buy rating.


On the downside


Zillow (Nasdaq: Z) will offer approximately 5 million common shares at the discounted price of $82 per share.


LightInTheBox (NYSE: LITB) swung to a profit for the second quarter but the results missed expectations and the company forecast current quarter revenue below estimates.

Barnes & Noble (NYSE: BKS) widened first quarter losses more than expected and former chairman Leonard Riggio withdrew his offer to acquire the company's retail business.  

In the broad market, advancing issues outpaced decliners 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 2 points to 1648.

The markets closed lower with the Dow dropping 70 points to 15,010 ahead of the release of Federal Reserve minutes on Wednesday. Nasdaq fell 13 points to 3589.

On the upside

Qihoo 360 Technology (NYSE: QIHU) continued rising after reports on Friday predicted that the company would reach 30% of the search market share in China in 2014.

HSBC upgraded Gerdau (NYSE: GGB) from a Neutral rating to an Overweight rating. 

Edwards Group (Nasdaq: EVAC) will be acquired by Atlas Copco for approximately $1.6 billion in cash.


On the downside


InterOil (NYSE: IOC) will continue negotiations with ExxonMobil Papua New Guinea despite the lapse of an exclusivity arrangement.


Goodrich Petroleum (NYSE: GDP) entered an agreement with Morgan Stanley to sell shares of preferred stock.

Rising bond yields continued to weigh down mortgage real estate investment trust CYS Investments (NYSE: CYS).  

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 fell 9 points to 1646.

Mixed Markets As Bond Yields Rise

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The markets traded mixed during the midday with the Dow losing 22 points to 15,058 as bond yields rose. Nasdaq gained 11 points to 3613.

On the upside

Bargain hunters lifted shares of MannKind (Nasdaq: MNKD).

Needham & Co. analyst Laura Martin lifted her price target on Pandora Media (NYSE: P) from $20 to $25. 

Wunderlich Securities upgraded Harvest Natural (NYSE: HNR) to a Buy rating from a Hold rating and lifted its price target to $9.00 from $4.75.


On the downside


Shares of Icici Bank (NYSE: IBN) extended its losses as the Indian rupee continued falling.


ARMOUR Residential REIT (NYSE: ARR) continued falling after a Seeking Alpha contributor wrote last week that REITs will drop even more.

A Seeking Alpha contributor suggested that Suntech Power (NYSE: STP) may be worthless.  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 2 points to 1652.

The markets opened higher with the Dow adding 11 points to 15,092 as investors continued to monitor the Federal Reserve for signs of tapering. Nasdaq rose 18 points to 3621.

On the upside

The Food and Drug Administration granted final approval to Supernus Pharmaceuticals' (Nasdaq: SUPN) epilepsy treatment Trokendi XR.

eFuture Information Technology (Nasdaq: EFUT) engaged Rainbow Department Store to launch its myStore social shopping network platform. 

The French National Health Authority granted market access to Cell Therapeutics' (NYSE: CTIC) non-Hodgkin Lymphoma treatment PIXUVRI.


On the downside


GTx (Nasdaq: GTXI) reported that its enobosarm to treat muscle wasting in lung cancer patients failed two clinical trials.


Cobalt International Energy (NYSE: CIE) found no oil at the Ardennes 1 deepwater well in the Gulf of Mexico.

Stifel Nicolaus downgraded Halcon Resources (NYSE: HK) from a Buy rating to a Hold rating.  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1657.

The markets closed lower with the Dow falling 30 points to 15,081 as consumer sentiment unexpectedly dropped. Nasdaq slipped 3 points to 3602.

On the upside

Qihoo 360 Technology (Nasdaq: QIHU) has nearly 20% of the market share of searches in China and expects to have 30% next year.

Aurora Capital Group will pay a premium of approximately $266.8 million to take National Technical Systems (Nasdaq: NTSC) private. 

Shares of Beazer Homes (NYSE: BZH) rose as construction of new homes climbed.


On the downside


Sophiris Bio (Nasdaq: SPHS) stock tumbled on its first trading day.


Madalay Digital Group (Nasdaq: MNDL) will sell an undisclosed number of shares of common stock at the discounted price of $2.48 per share to raise approximately $12 million.

Profit taking sank shares of Fuwei Films (Nasdaq: FFHL).  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 1655.

An unexpected drop in August consumer sentiment weighed the markets down during the midday with the Dow losing 52 points to 15,059. Nasdaq slipped 2 points to 3603.

On the upside

NF Energy Saving (Nasdaq: NFEC) continued rising after reporting higher second quarter earnings on Wednesday.

Pfizer (NYSE: PFE) will begin a new clinical trial of the pain medication Remoxy that was developed by Pain Therapeutics (Nasdaq: PTIE) and Durect (Nasdaq: DRRX). 

Aspen Technology (Nasdaq: AZPN) reversed year ago losses to post a stronger than expected profit for the fourth quarter.


On the downside


MannKind (NYSE: MNKD) satisfied conditions to sell a second tranche of senior convertible notes.


Brazil's Federal Revenue Service fined Itau Unibanco Holdings (NYSE: ITUB) nearly $8 billion in back taxes.

Investors locked in profits on China Commercial Credit (Nasdaq: CCCR).  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 7 points to 1653.

Flat Open On Housing Starts

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The markets opened flat with the Dow adding 7 points to 15,119 as July housing starts climbed less than expected. Nasdaq rose 8 points to 3613.

On the upside

Goldman Sachs upgraded Pandora Media (NYSE: P) from a Neutral rating to a Buy rating.

A gain in new home construction lifted KB Home (NYSE: KBH) and PulteGroup (NYSE: PHM). 

Bargain hunters lifted shares of Millenial Media (NYSE: MM).


On the downside


First Marblehead (NYSE: FMD) widened fourth quarter losses as revenue fell.


Pixelworks (Nasdaq: PXLW) will sell 2.63 million shares of common stock at the discounted price of $3.50.

Shares of InterOil (NYSE: IOC) continued falling.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1661.

Disappointing earnings sent the markets tumbling to a sharply lower close with the Dow sinking 225 points to 15,112. Nasdaq plunged 63 points to 3606.

On the upside

Gold prices continued to rise which lifted shares of AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Eldorado Gold (NYSE: EGO) and Iamgold (NYSE: IAG).

Rising silver prices lifted share of Endeavour Silver (NYSE: EXK) and Silver Wheaton (NYSE: SLW). 

A Seeking Alpha contributor wrote that Athersys (Nasdaq: ATHX) was undervalued and provided a buying opportunity.


On the downside


Canadian Solar (Nasdaq: CSIQ) will sell up to $50 million worth of common stock.


Investors locked in profits on NQ Mobile (NYSE: NQ).

Profit taking sinks Osiris Therapeutics (Nasdaq: OSIR).  

In the broad market, declining issues outpaced advancers by a margin of 9 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 1661.

The markets extended its losses during the midday with the Dow collapsing 214 points to 15,122 over disappointing corporate news. Nasdaq plummeted 58 points to 3611.

On the upside

Kohl's (NYSE: KSS) reported lower second quarter earnings but same store sales rose.

Fourth quarter earnings surged for Estee Lauder (NYSE: EL) as revenue rose. 

Fuwei Films (Nasdaq: FFHL) majority shareholder Weifang State-owned Assets Operation Administration will sell is holdings in the company through a public auction.


On the downside


E-Commerce China Dangdang (NYSE: DANG) narrowed losses for the second quarter but the stock price fell.


Pomerantz Grossman Hufford Dahlstrom & Gross filed a class action lawsuit against Molycorp (NYSE: MCP).

Vipshop (NYSE: VIPS) reversed year ago losses to post a profit for the second quarter but the Chinese online discount retailer forecast disappointing current quarter revenue.  

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 tumbled 23 points to 1662.

The markets opened sharply lower with the Dow plummeting 174 points to 15,163 despite a rise in homebuilder confidence as investors fretted over the impending Federal Reserve tapering. Nasdaq plunged 48 points to 3621.

On the upside

Maxim Integrated Products will acquire Volterra Semiconductor (Nasdaq: VLTR) in a deal valued at approximately $605 million.

Lazard Capital analyst William Tanner lifted his price target on Novavax (NYSE: NVAX). 

Biolase (Nasdaq: CCCR) lowered its offering from $30 million to $5 million.


On the downside


Himax Technologies (Nasdaq: HIMX) reported higher second quarter earnings but revenue fell short of expectations and the company forecast current quarter revenue below estimates.


Renren (NYSE: RENN) narrowed losses for the second quarter but revenue growth slowed.

Profit taking sank shares of MannKind (Nasdaq: MNKD).  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 dropped 19 points to 1666.

Renewed concerns about the timing of the Federal Reserve tapering sent the markets tumbling to a lower close with the Dow plunging 113 points to 15,337. Nasdaq fell 15 points to 3669.

On the upside

Second quarter earnings more than doubled for Skystar Bio-Pharmaceutical (Nasdaq: SKBI).

WageWorks (NYSE: WAGE) priced its secondary offering of more than 2.968 million common shares at $40.45 per share. 

Shares of China Commercial Credit (Nasdaq: CCCR) nearly doubled on its second trading day.


On the downside


TripAdvisor (Nasdaq: TRIP) chief executive Steve Kaufer warned during an investment conference that traffic to the online travel site has been weaker than expected.


Investors locked in profits on E-Commerce China Dangdang (NYSE: DANG).

Profit taking weighed down shares of Osiris Therapeutics (Nasdaq: OSIR).  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 fell 8 points to 1685.

Markets Extend Losses

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The markets extended its losses during the midday with the Dow dropping 76 point to 15,374 over disappointing earnings. Nasdaq lost 6 points to 3677.

On the upside

Avanir Pharmaceuticals (Nasdaq: AVNR) settled its patent suit against Sandoz by granting rights for Sandoz to begin selling a generic version of Avanir's Nuedexta on July 30, 2026.

Rising gold prices lifted shares of Gold Fields (NYSE: GFI), Harmony Gold (NYSE: HMY), Iamgold (NYSE: IAG), Kinross Gold (NYSE: KGC) and Newmont Mining (NYSE: NEM). 

JinkoSolar (NYSE: JKS) reversed year ago losses to post a profit for the second quarter.


On the downside


A Seeking Alpha contributor raised bankruptcy concerns for Biolase (Nasdaq: BIOL).


ZaZa Energy (Nasdaq: ZAZA) widened second quarter losses as revenue plunged

TheExOne (Nasdaq: XONE) reported a larger than expected loss for the second quarter.  

In the broad market, declining issues outpaced advancers 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 lost 6 points to 1687.

The markets opened lower with the Dow losing 47 point to 15,403 as wholesale prices held steady in July. Nasdaq slipped 2 points to 3682.

On the upside

MannKind (Nasdaq: MNKD) reported upbeat preliminary results from two late stage clinical trials of its inhaled insulin product Afrezza.

Brocade (Nasdaq: BRCD) reported sharply higher third quarter earnings that more than doubled. 

Shares of Envision Healthcare (NYSE: EVHC) soared in its market debut.


On the downside


Fourth quarter earnings soared for Cree (Nasdaq: CREE) but the LED light maker forecast first quarter earnings below analyst expectations prompting a downgrade.


Millennial Media (NYSE: MM) widened second quarter losses prompting downgrades.

Northern Tier Energy (NYSE: NTI) priced its public offering of 11.5 million common units at $22.85 per unit.  

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 3 points to 1691.

The markets recovered to close modestly higher with the Dow rising 31 point to 15,451 after Atlanta Federal Reserve President Dennis Lockhart said that September would be too soon for tapering. Nasdaq gained 14 points to 3684.

On the upside

Investors snapped up shares of Micron Technology (Nasdaq: MU) in the wake of its acquisition of Elpida.

Shares of E-Commerce China Dangdang (NYSE: DANG) climbed ahead of its earnings release before market open on Thursday, August 15. 

Goodrich Petroleum (NYSE: GDP) chief executive Walter G. Goodrich and president Robert C. Turnham Jr. presented at EnerCom's The Oil & Gas Conference 18 yesterday after market close.


On the downside


KiOR (Nasdaq: KIOR) stock continued falling after reporting disappointing results last week.


Ply Gem Holdings (NYSE: PGEM) fell to a loss for the second quarter due to initial public offering expenses.


Shares of Millennial Media (NYSE: MM) fell ahead of its earnings release after market close.  

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 4 points to 1694.

Markets Flat At Midday

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The markets traded flat during the midday with the Dow edging up a point to 15,420 while Nasdaq held steady at 3669.

On the upside

BlackBerry (Nasdaq: BBRY) introduced its new BlackBerry 9720 with an updated BlackBerry 7OS and available in a variety of vibrant colors.

Second quarter earnings slipped for NQ Mobile (NYSE: NQ) but the results were better than expected as revenue more than doubled, the company forecast current quarter revenue ahead of estimates and lifted its full year guidance. 

Sohu.com reported that Baidu (Nasdaq: BIDU) may buy Renren's (NYSE: RENN) Nuomi unit.


On the downside


The Justice Department filed an antitrust lawsuit against the proposed merger between US Airways Group (NYSE: LCC) and American Airlines parent AMR.


InterOil (NYSE: IOC) narrowed losses for the second quarter but the results missed analyst expectations.


Valspar (NYSE: VAL) reported higher third quarter earnings but the results fell short of expectations and the company lowered its full year earnings outlook.  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1689.

A disappointing 0.2% gain in July retail sales weighed the markets down to a lower open with the Dow dropping 64 points to 15,355. Nasdaq fell 18 points to 3651.

On the upside

Digital Generation (Nasdaq: DGIT) will sell its television ad delivery business to Extreme Reach for approximately $485 million.

Osiris Therapeutics (Nasdaq: OSIR) reported overwhelmingly positive results for Grafix in treating chronic diabetic foot ulcers. 

Arotech (Nasdaq: ARTX) reversed year ago losses to post a profit for the second quarter as revenue rose and lifted its full year guidance.


On the downside


OCZ Technology (Nasdaq: OCZ) will raise approximately $13 million through a private placement.


Orbitz Worldwide's (NYSE: OWW) largest shareholder, PAR Capital Management, sold 8.1 million of its 24.6 million shares.


Activist investor William Ackman resigned from the board of JC Penney (NYSE: JCP).  

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 fell 5  points to 1683.

The markets closed flat with the Dow losing 5 points to 15,419 over concerns about the impact of the impending Federal Reserve tapering. Nasdaq added 9 points to 3669.

On the upside

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY) and Eldorado Gold (NYSE: EGO).

Shares of Endeavour Silver (NYSE: EXK), Silver Standard Resources (Nasdaq: SSRI) and Silvercorp Metals (NYSE: SVM) all rose as silver prices climbed. 

Bargain hunters lifted shares of Universal Display (Nasdaq: OLED).


On the downside


Albany Molecular (Nasdaq: AMRI) development partner Bristol-Myers Squibb ended clinical trials of the antidepressant BMS-820836.


A Seeking Alpha contributor warned that Stonemor Partners' (NYSE: STON) high dividend was unsustainable.


Laredo Petroleum (NYSE: LPI) will offer 16 million shares of common stock.  

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 eased a point to 1689.

Mixed Markets At Midday

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The markets traded mixed during the midday with the Dow slipping 18 points to 15,407 as investors monitored the global economy. Nasdaq gained 8 points to 3668.

On the upside

Oppenheimer upgraded Noah Holdings (NYSE: NOAH) from a Perform rating to an Outperform rating on Friday.

Shares of Mecox Lane (Nasdaq: MCOX) surged ahead of its earnings release tomorrow after market close. 

The Food and Drug Administration granted fast track designation for Galectin Therapeutics' (Nasdaq: GALT) non-alcoholic steatohepatitis with hepatic fibrosis treatment GR-MD-O2.


On the downside


Ecotality (Nasdaq: ECTY) warned that it may file for bankruptcy protection.


Motley Fool noted that Merrimack Pharmaceuticals (Nasdaq: MACK) was one of the worst performing healthcare stocks last week.


Shares of Galena Biopharma (Nasdaq: GALE) continued falling after posting a loss for the second quarter last week.  

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 1688.

The markets opened lower with the Dow losing 23 points to 15,401 as Japan's economic growth disappointed. Nasdaq rose 5 points to 3665.

On the upside

BlackBerry (Nasdaq: BBRY) will explore strategic options including the possible sale of the company.

Shares of Iamgold (NYSE: IAG) rose ahead of its earnings release after market close today. 

Performance Technologies (Nasdaq: PTIX) continued rising after posting a profit after market close on Thursday.


On the downside


Vical (Nasdaq: VICL) reported that its metastatic melanoma treatment Allovectin failed a late stage clinical trial and the company announced that it would discontinue its cancer research program to focus instead on infectious disease vaccines.


Sysco (NYSE: SYY) blamed higher expenses for a drop in fourth quarter earnings.


Perion Network (Nasdaq: PERI) reported sharply higher second quarter earnings and revenue but the results fell short of analyst expectations.  

In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 1688.

Fed Tapering Weighs Down Markets

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The impending Fed tapering weighed the markets down to a lower close with the Dow tumbling 72 points to 15,425. Nasdaq fell 9 points to 3660.

On the upside

Kohlberg Kravis Roberts & Co. acquired more than an 8% stake in Amedisys (Nasdaq: AMED).

Moody's lifted its outlook on the coal industry from negative to stable sending shares of Alpha Natural Resources (NYSE: ANR), Cliffs Natural Resources (NYSE: CLF) and Walter Energy (NYSE: WLT) higher. 

Performance Technologies (Nasdaq: PTIX) swung to a profit for the second quarter as revenue climbed.


On the downside


YRC Worldwide (Nasdaq: YRCW) continued falling after reporting a second quarter loss on Wednesday.


America Movil (NYSE: AMX) offered approximately $9.6 billion to acquire the remaining 70% of KPN that it does not already own.


Ardour Capital downgraded SunEdison (NYSE: SUNE) from a Hold rating to a Buy rating.  

In the broad market, advancing issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by 3 to 2 on Nasdaq. The broader S&P 500 fell 6 points to 1691.

Markets Extend Losses At Midday

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The markets extended its losses during the midday with the Dow dropping 72 points to 15,426. Nasdaq slipped 6 points to 3663.

On the upside

NPS Pharmaceuticals (Nasdaq: NPSP) fell to a loss for the second quarter but sales of Gattex soared above expectations.

Shares of Cvent (NYSE: CVT) surged in its market debut. 

Geron (Nasdaq: GERN) narrowed second quarter losses.


On the downside


Merge Healthcare (Nasdaq: MRGE) widened second quarter losses more than expected as revenue fell and chief executive Jeffery A. Surges resigned.


CNBC reported that hedge fund Perry Capital will also seek to replace JC Penney (NYSE: JCP) chief executive Myron Ullman III following Bill Ackman's similar demands yesterday.


Youku Tudou (NYSE: YOKU) reported a loss for the second quarter as revenue missed expectations.  

In the broad market, advancing issues outpaced advancers by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 3 points to 1694.

Lower Open Over Tapering Concerns

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The markets opened lower with the Dow losing 22 points to 15,475 over renewed concerns that tapering of the Federal Reserve's stimulus measures would stall the economic recovery. Nasdaq eased a fraction to 3668.

On the upside

Shares of Frank's International (NYSE: FI) surged on its first trading day.

QEP Midstream Partners (NYSE: QEPM) stock climbed in its market debut. 

Ubiquiti Networks (Nasdaq: UBNT) reported higher fourth quarter earnings and revenue that topped analyst estimates and forecast current quarter results ahead of expectations.


On the downside


Dendreon (Nasdaq: DNDN) narrowed second quarter losses but the results were worse than expected as revenue fell and the biotechnology firm warned that Provenge sales would be flat in 2013.


Capstone Turbine (Nasdaq: CPST) narrowed first quarter losses but revenue fell.


Molycorp (NYSE: MCP) widened second quarter losses even as revenue rose.  

In the broad market, advancing issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 1696.

Earnings Lift Markets

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Upbeat earnings lifted the markets to a modestly higher close with the Dow rising 27 points to 15,498. Nasdaq gained 15 points to 3669.

On the upside

IAMGOLD (NYSE: IAG) signed new power rate agreements with the Republic of Suriname for the operation of its Rosebel Gold Mine.

Hecla Mining (NYSE: HL) fell to a loss for the second quarter but revenue climbed. 

Thompson Creek Metals (NYSE: TC) widened second quarter losses but revenue rose and the company named Jacques Perron to the position of chief executive officer.


On the downside


Tower Group International (Nasdaq: TWGP) postponed the release of its second quarter results.


BioScrip (Nasdaq: BIOS) fell to a loss for the second quarter.


Merrimack Pharmaceuticals (Nasdaq: MACK) widened second quarter losses more than expected.  

In the broad market, advancing issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 6 points to 1697.

A gain in July same store sales lifted the markets during the midday with the Dow gaining 36 points to 15,507. Nasdaq rose 18 points to 3672.

On the upside

Shares of Fox Factory Holding (Nasdaq: FOXF) surged in its market debut.

Intrexon (NYSE: XON) stock leaped on its first trading day. 

Second quarter earnings fell for Orbitz Worldwide (NYSE: OWW) but the results were better than expected and the online travel site lifted its 2013 revenue guidance.


On the downside


Fusion-io (NYSE: FIO) widened fourth quarter losses and forecast current quarter revenue well below analyst expectations.


Silicon Graphics (Nasdaq: SGI) narrowed fourth quarter losses but revenue fell and the company forecast first quarter results that missed expectations.


Intelliquent (Nasdaq: IQNT) reported higher preliminary second quarter earnings but the Audit Committee's ongoing investigation into the forecasting practices of the Board of Directors prompted the company to delay its earnings call.  

In the broad market, advancing issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 7 points to 1698.

Flat Open As Jobless Claims Rise

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The markets opened flat with the Dow adding 4 points to 15,475 as first time applications for unemployment benefits edged up. Nasdaq eased a fraction to 3653.

On the upside

Groupon (Nasdaq: GRPN) fell to a loss for the second quarter but revenue rose to top analyst estimates. The daily deals company also named Eric Lefkofsky as its permanent chief executive and announced a $300 million stock repurchase plan.

Tesla Motors (Nasdaq: TSLA) narrowed second quarter losses more than expected as revenue surged ahead of estimates. 

Turquoise Hill Resources (NYSE: TRQ) received a $235 million advance payment from Sumeru Gold for its 50% stake in Altynalmas Gold.


On the downside


Opexa Therapeutics (Nasdaq: OPXA) priced its public offering of 12 million common shares at the discounted price of $1.50 per share.


Stereotaxis (Nasdaq: STXS) fell to a loss for the second quarter as revenue slipped.


Halcon Resources (NYSE: HK) priced its offering of 38 million common shares at the discounted price of $5.10 per share.  

In the broad market, advancing issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 added a point to 1692.

The markets closed lower with the Dow losing 48 points to 15,470 over the possibility that the Federal Reserve would begin to wind down its stimulus measures next month. Nasdaq fell 11 points to 3654.

On the upside

Tornier (Nasdaq: TRNX) widened second quarter losses but revenue climbed and the company forecast higher third quarter revenue.

Sapient (Nasdaq: SAPE) reported higher second quarter earnings that topped analyst estimates and forecast current quarter revenue ahead of expectations. 

First quarter earnings more than tripled for Computer Sciences (NYSE: CSC) to surpass analyst expectations by a wide margin and lifted its full year earnings guidance.


On the downside


Profit taking sank shares of Stereotaxis (Nasdaq: STXS).


Ralph Lauren (NYSE: RL) reported lower first quarter earnings and a 1% drop in same store sales.


Goodrich Petroleum (NYSE: GDP) widened losses for the second quarter.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 6 points to 1690.

Plans by the Federal Reserve to begin tapering its bond buying program as early as next month weighed the markets down during the midday with the Dow falling 56 points to 15,462. Nasdaq lost 17 points to 3647.

On the upside

Second quarter earnings surged for Santarus (Nasdaq: SNTS) to surpass analyst expectations by a wide margin as revenue jumped prompting the biopharmaceutical to lift its full year forecast.

Live Nation (NYSE: LYV) reported sharply higher second quarter earnings and revenue that beat analyst expectations. 

Oxygen Biotherapeutics (Nasdaq: OXBT) updated shareholders on its clinical trials and business partnerships.


On the downside


Nanosphere (Nasdaq: NSPH) narrowed second quarter losses as revenue rose but the company lowered its 2013 revenue outlook prompting a downgrade.


Sandridge Energy (NYSE: SD) fell to a loss for the second quarter.


YRC Worldwide (Nasdaq: YRCW) narrowed losses for the second quarter but the results fell far short of analyst expectations.  

In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 1690.

Concerns about the tapering of the Federal Reserve's bond buying program sent the markets down to a sharply lower open with the Dow tumbling 81 points to 15,437. Nasdaq dropped 27 points to 3638.

On the upside

Pixelworks (Nasdaq: PXLW) widened second quarter losses but the company forecast higher third quarter earnings that surpassed analyst expectations.

Finisar (Nasdaq: FNSR) reported preliminary first quarter earnings ahead of previous guidance. 

DG (Nasdaq: DGIT) reported higher second quarter earnings that beat analyst expectations.


On the downside


SunEdison (NYSE: SUNE) widened second quarter losses more than expected as revenue tumbled.


First Solar (Nasdaq: FSLR) disappointed with sharply lower second quarter earnings that fell far short of analyst expectations prompting the company to slash its full year guidance. The company also announced plans to acquire cadmium telluride solar technology from General Electric (NYSE: GE).


Glu Mobile (Nasdaq: GLUU) narrowed second quarter losses but revenue fell and the mobile gaming company warned of greater than expected losses for the current quarter.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 dropped 11 points to 1686.

The markets closed sharply lower with the Dow plummeting 93 points to 15,518 over concerns that the Federal Reserve will begin tapering its bond buying program in September. Nasdaq dropped 27 points to 3665.

On the upside

PBF Energy (NYSE: PBF) will trade ex-dividend on August 8, 2013.

Vocera Communications (NYSE: VCRA) fell to a loss for the second quarter but the results were better than expected prompting an upgrade. 

Bargain hunters lifted shares of Nam Tai Electronics (NYSE: NTE).


On the downside


Nautilus (NYSE: NLS) swung to a profit for the second quarter but revenue slipped.


EXCO Resources (NYSE: XCO) reported higher second quarter earnings but the results missed expectations.


Furniture Brands (NYSE: FBN) widened second quarter losses as revenue slipped.  

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 9 points to 1697.

Tapering Fears Sink Stocks

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Comments from two Federal Reserve presidents that tapering could begin next month sent the markets lower during the midday with the Dow plunging 96 points to 15,515. Nasdaq tumbled 29 points to 3663.

On the upside

Dynatronics (Nasdaq: DYNT) introduced a new 25 Series electrotherapy/ultrasound therapy product line.

Second quarter earnings more than doubled for Molson Coors Brewing (NYSE: TAP) to beat analyst expectations. 

Quicksilver Resources (NYSE: KWK) reversed year ago losses to post a profit for the second quarter.


On the downside


International wire transfers made by Ebix (Nasdaq: EBIX) are being reviewed by the U.S. Attorney's Office for money laundering.


TravelCenters of America (NYSE: TA) disappointed with sharply lower second quarter earnings.


AECOM Technology (NYSE: ACM) reported higher third quarter earnings but the company cut its full year earnings outlook.  

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 1696.

The markets opened sharply lower with the Dow tumbling 99 points to 15,512 as mortgage closing costs climbed. Nasdaq dropped 18 points to 3674.

On the upside

Second quarter earnings slipped for GT Advanced Technologies (Nasdaq: GTAT) but the results were better than expected.

MGM Resorts International (NYSE: MGM) narrowed second quarter losses more than expected as revenue rose. 

Fossil Group (Nasdaq: FOSL) reported higher second quarter earnings that surpassed analyst expectations and the fashion accessories company forecast current quarter revenue ahead of estimates.


On the downside


American Eagle Outfitters (NYSE: AEO) warned that second quarter earnings would fall far short of analyst expectations prompting downgrades.


McDermott International (NYSE: MDR) fell to an unexpected loss for the second quarter and announced the retirement of chief operating officer John T. McCormack effective in the fourth quarter.


Superconductor Technologies (Nasdaq: SCON) priced its public offering of units of common stock and warrants at the discounted price of $1.799 per unit.  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 lost 8 points to 1698.

The markets closed mixed with the Dow losing 46 points to 15,612 even as service sector activity climbed in July to a five month high. Nasdaq added 3 points to 3692.

On the upside

A Seeking Alpha contributor wrote that NQ Mobile (NYSE: NQ) was bargain.

UBS upgraded AMN Healthcare Services (NYSE: AHS) from a Sell rating to a Neutral rating. 

A federal judge upheld a jury verdict ordering Life Technologies (Nasdaq: LIFE) to pay $48.6 million in patent infringement damages to Enzo Biochem (NYSE: ENZ).


On the downside


GSE Holdings (NYSE: GSE) warned that second quarter earnings would drop due to continued economic challenges.


Profit taking sank shares of Just Energy Group (NYSE: JE).


Motley Fool warned that Ford (NYSE: F) and General Motors (NYSE: GM) may face strong pickup truck competition from Japanese automakers.  

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 2 points to 1707.

Markets Extend Losses At Midday

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The markets extended its losses during the midday with the Dow dropping 60 points to 15,597. Nasdaq lost 6 points to 3683.

On the upside

North South Holdings, which will be acquired by Spherix (Nasdaq: SPEX), filed a patent infringement suit against T-Mobile.

A Seeking Alpha article said to keep an eye on Dendreon (Nasdaq: DNDN) as European regulators prepare for a final decision on the company's prostate cancer treatment Provenge. The biotechnology firm will also report second quarter earnings later this week. 

Hansen Medical (Nasdaq: HNSN) enrolled its first patients in a new study of its Hansen Medical's Artisan family of Control Catheters with its Sensei X Robotic Catheter System to treat atrial fibrillation.


On the downside


Nam Tai Electronics (NYSE: NTE) fell to a loss for the second quarter.


Meadowbrook Insurance Group (NYSE: MIG) entered an agreement with State National Insurance for use of an "A" rated policy issuance after A.M. Best downgraded Meadowbrook to a B++ rating on Friday.


E.W. Scripps (NYSE: SSP) reported sharply lower second quarter earnings.  

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 1704.

The markets opened lower with the Dow falling 51 points to 15,606 as investors stayed on the sidelines. Nasdaq slipped 2 points to 3687.

On the upside

A district court judge ruled that Vringo (NYSE: VRNG) was entitled to supplemental damages in its patent infringement suit against AOL (NYSE: AOL), Gannett (NYSE: GCI), Google (Nasdaq: GOOG), IAC (Nasdaq: IACI), and Target (NYSE: TGT).

Compugen (Nasdaq: CGEN) entered a development deal with Bayer that could generate payments of more than $500 million from the German pharmaceutical. 

Shares of Stereotaxis (Nasdaq: STXS) continued rising after announcing a loan modification last week.


On the downside


HSBC (NYSE: HBC) reported higher earnings for the first half of the year but the results fell short of analyst expectations.


Piper Jaffray downgraded Qualcomm (Nasdaq: QCOM) from an Overweight rating to a Neutral rating.


Profit taking sank shares of Yelp (NYSE: YELP).  

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 lost 3 points to 1706.

The markets recovered earlier losses to close modestly higher with the Dow rising 30 points to 15,658 as the nation's unemployment rate slipped more than expected to 7.4%. Nasdaq gained 13 points to 3689.

On the upside

Stereotaxis (NYSE: STXS) modified its loan agreement with Silicon Valley Bank.

ACTIVE Network (NYSE: ACTV) widened second quarter losses but revenue climbed to top estimates and the company announced plans to evaluate strategic options. 

Yelp (NYSE: YELP) continued climbing after posting upbeat second quarter results Wednesday after market close.


On the downside


MRC Global (NYSE: MRC) reported higher second quarter earnings but revenue dropped to fall short of expectations.


Standard & Poor's downgraded Radioshack's (NYSE: RSH) credit rating to CCC from CCC+.


Westport Innovations (Nasdaq: WPRT) widened second quarter losses more than expected as revenue fell prompting a downgrade.  

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 more than 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1709.

The nation's unemployment rate slipped to its lowest level in more than four years but fewer than expected jobs were added in July. The markets traded lower during the midday with the Dow slipping 20 points to 15,607 while Nasdaq eased a point to 3675.

On the upside

Jefferies lifted its price target on Yelp (NYSE: YELP) from $34 to $50.

LinkedIn (NYSE: LNKD) reported higher second quarter earnings that beat analyst expectations as revenue surged. 

Turquoise Hill (NYSE: TRQ) signed a supplemental agreement to receive an advance payment of $235 million from Sumeru Gold for the purchase of Turquoise Hill's 50% stake in Altynalmas Gold.


On the downside


ValueClick (Nasdaq: VCLK) disappointed with sharply lower second quarter earnings.


Weight Watchers International (NYSE: WTW) reported lower second quarter earnings as revenue fell and the company lowered its full year guidance.


Negotiations for a possible acquisition of Smiths Group's medical business by CareFusion (NYSE: CFN) ended.  

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 1704.

Lower Open Over Jobs Report

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The markets opened lower with the Dow losing 37 points to 15,590 as the nation's employers added fewer than expected jobs in July. Nasdaq slipped 3 points to 3672.

On the upside

Michael Dell increased his offer to acquire Dell (Nasdaq: DELL), the company that he founded, to $13.75 per share and added a special dividend of 13 cents per share.

Alaska Communications (Nasdaq: ALSK) swung to a better than expected profit for the second quarter as revenue rose. 

Shares of Athlon Energy (NYSE: ATHL) soared in its market debut.


On the downside


ON Semiconductor (Nasdaq: ONNN) reported higher second quarter earnings but revenue fell to miss analyst expectations.


Alpha Natural Resources (NYSE: ANR) posted a loss for the second quarter as revenue fell and margins dropped.


Boyd Gaming (NYSE: BYD) priced its public offering of 16.5 million common shares at the discounted price of $12 per share.  

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 1703.

The markets closed sharply higher with the Dow soaring 128 points to 15,628 as jobless claims dropped more than expected while manufacturing activity rose. Nasdaq jumped 49 points to 3675.

On the upside

Concur Technologies (Nasdaq: CNQR) reported lower third quarter earnings that surpassed analyst expectations as revenue climbed.

Turquoise Hill (NYSE: TRQ) stock climbed as bargain hunters snapped up shares of the mining company. 

Pioneer Natural Resources (NYSE: PXD) swung to a profit for the second quarter as revenue rose.


On the downside


Investors locked in profits on Stereotaxis (Nasdaq: STXS).


BJ's Restaurants (Nasdaq: BJRI) reported lower second quarter earnings that fell short of expectations as expenses rose.


Yamana Gold (NYSE: AUY) fell to a loss for the second quarter as revenue dropped.  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 21 points to 1706.

Manufacturing activity climbed in July to lift the markets higher during the midday with the Dow surging 145 points to 15,645. Nasdaq leaped 42 points to 3669.

On the upside

Standard Register (NYSE: SR) acquired WorkflowOne in a deal valued at approximately $218 million.

Trulia (NYSE: TRLA) narrowed second quarter losses more than expected as revenue surged. 

Shares of Sprouts Farmers Market (Nasdaq: SFM) more than doubled on its first trading day.


On the downside


Halozyme Therapeutics (Nasdaq: HALO) partner ViroPharma (Nasdaq: VPHM) cancelled a Phase 2 study of subcutaneous Cinryze with recombinant human hyaluronidase.


Iridium Communications (Nasdaq: IRDM) reported lower second quarter earnings and revenue that fell short of analyst expectations.


Rovi (Nasdaq: ROVI) widened second quarter losses as revenue fell.  

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 jumped 20 points to 1706.

A drop in first time applications for unemployment benefits lifted the markets to a sharply higher open with the Dow soaring 142 points to 15,641. Nasdaq surged 37 points to 3663.

On the upside

BioCryst Pharmaceuticals (Nasdaq: BCRX) priced its public offering of 4 million common shares at the discounted price of $4.40 per share.

Second quarter earnings and revenue climbed for Ctrip.com (Nasdaq: CTRP) to surpass analyst expectations. 

Yelp (NYSE: YELP) narrowed second quarter losses more than expected as revenue climbed.


On the downside


Entropic (Nasdaq: ENTR) fell to a loss  for the second quarter as revenue dropped.


Sally Beauty (NYSE: SBH) reported higher third quarter earnings and revenue but the results fell short of estimates.


SunPower (Nasdaq: SPWR) swung to a profit for the second quarter but the company forecast current quarter revenue below expectations.  

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 leaped 17 points to 1702.

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