July 2014 Archives

Disappointing earnings and Argentina's default sparked a widespread sell-off in the markets. All gains made by the Dow this year were wiped out as the blue chip index crashed 317 points to 16,563. Nasdaq skidded 93 points to 4369. 

On the upside 

Shares of Transocean Partners (NYSE: RIGP) soared in its market debut.

El Pollo Loco (Nasdaq: LOCO) stock surged again.

Journal Communications (NYSE: JRN) will merge with E.W. Scripps (NYSE: SSP) then separate into two distinct companies, a broadcast and digital media company and a newspaper company.

On the downside 

L-3 Communications (NYSE: LLL) reported lower preliminary second quarter earnings and revenue and fired four employees for overstating sales.

Second quarter earnings fell for Ocwen Financial (NYSE: OCN). 

Shares of Macrocure (Nasdaq: MCUR) fell on its first trading day.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 plunged 39 points to 1930. Bitcoin climbed $20 to $582.

The markets extended its losses during the midday with the Dow collapsing 220 points to 16,659 as concerns about the global economy weighed on investors. Nasdaq plummeted 82 points to 4380.

On the upside 

Shares of Avalanche Biotechnologies (Nasdaq: AAVL) surged on its first trading day.

HealthEquity (Nasdaq: HQY) stock soared in its market debut.

Fourth quarter earnings fell for Vistaprint (Nasdaq: VPRT) but the results were better than expected and the company forecast 2015 earnings and revenue ahead of expectations.

On the downside 

eHealth (Nasdaq: EHTH) reported higher second quarter earnings and revenue but the private health insurance exchange forecast full year results that fell short of expectations.

Second quarter earnings soared for On Assignment (NYSE: ASGN) but the company forecast current quarter revenue that missed analyst expectations. 

The Manitowoc Co. (NYSE: MTW) disappointed with lower second quarter earnings and revenue that fell short of estimates and lowered its full year guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 11 to 1 on the NYSE and by nearly 9 to 1 on Nasdaq. The broader S&P 500 plummeted 29 points to 1940. Bitcoin climbed $23 to $585.

International woes sink stocks

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Argentina's debt default along with escalating tensions with Russia sent the markets tumbling to a sharply lower open with the Dow plummeting 151 points to 16,728. Nasdaq plunged 60 points to 4402.

On the upside 

EveryWare Global (Nasdaq: EVRY) amended its credit agreements and announced that Monomoy Capital Partners invested $20 million in the company.

LivePerson (Nasdaq: LPSN) narrowed second quarter losses more than expected and lifted its full year outlook.

Open Text (Nasdaq: OTEX) reported sharply higher fourth quarter earnings and revenue that beat analyst expectations and appointed John Doolittle to the position of chief financial officer.

On the downside 

Benchmark downgraded Glu Mobile (Nasdaq: GLUU) from a Buy rating to a Hold rating saying that revenue would slow in the second half of the year. Analysts were also concerned about Glu Mobile's $100 million acquisition of Cie Games.

A Food and Drug Administration advisory committee voted against approval for EDAP's (Nasdaq: EDAP) prostate cancer treatment Ablatherm-HIFU device. 

AVG Technologies (NYSE: AVG) disappointed with lower second quarter earnings and revenue and warned that full year revenue would be in the low end of its previous guidance.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 1948. Bitcoin gained $18 to $580.

The markets closed mixed with the Dow slipping 31 points to 16,880 as the Federal Reserve lowered its bond buying program. Nasdaq gained 20 points to 4462.

On the upside 

Shares of Westlake Chemical Partners (NYSE: WLKP) surged on its first trading day.

XPO Logistics (NYSE: XPO) will acquire New Breed Holding Co. for approximately $615 million. The transportation services company also narrowed second quarter losses more than expected and lifted its full year forecast.

Rubicon Project (NYSE: RUBI) widened losses for the second quarter but the results exceeded analyst expectations by a wide margin.

On the downside 

Multimedia Games (Nasdaq: MGAM) reported lower third quarter earnings that fell short of analyst expectations.

Second quarter earnings plunged for Big 5 Sporting Goods (Nasdaq: BGFV) as revenue fell. 

Sturm, Ruger & Co. (NYSE: RGR) disappointed with lower second quarter earnings and revenue that missed expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 edged up a fraction to 1970. Bitcoin dropped $19 to $560.

Markets mixed at midday

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The markets traded mixed during the midday with the Dow losing 52 points to 16,859 while Nasdaq rose 9 points to 4451 over interest rate concerns.

On the upside 

Chicago Mercantile Exchange Group will acquire GFI Group (NYSE: GFIG) in a deal valued at approximately $580 million.

Galectin Therapeutics (Nasdaq: GALT) issued a statement affirming its positive trial results for a phase 1 clinical trial of its GR-MD-02 in treating patients with NASH with advanced fibrosis.

Zeltiq Aesthetics (Nasdaq: ZLTQ) swung to a better than expected profit for the second quarter as revenue surged and lifted its full year revenue guidance.

On the downside 

The Goodyear Tire & Rubber Co. (Nasdaq: GT) reported higher second quarter earnings but revenue fell to miss analyst expectations.

Buffalo Wild Wings (Nasdaq: BWLD) reported higher second quarter earnings and revenue but the restaurant chain forecast full year earnings below expectations. 

Second quarter earnings rose for Dorman Products (Nasdaq: DORM) but the results fell short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE while advancers edged out decliners by more than 5 to 4 on Nasdaq. The broader S&P 500 slipped 2 points to 1967. Bitcoin lost $8 to $572.

Mixed open despite strong GDP

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The nation's economy expanded at a strong 4% rate in the second quarter but the markets opened mixed with the Dow slipping 11 points to 16,901 over concerns that the Federal Reserve would raise interest rates. Nasdaq gained 20 points to 4463.

On the upside 

Twitter (NYSE: TWTR) widened losses for the second quarter but the results were better than expected as revenue surged well above analyst estimates prompting upgrades.

United States Steel (NYSE: X) narrowed losses more than expected.

Bison Capital Holding offered a premium of $9.80 per American Depositary Share to acquire NQ Mobile (NYSE: NQ).

On the downside 

Penn West (NYSE: PWE) will conduct an internal review of its accounting practices and expects to restate certain financial results.

Genworth Financial (NYSE: GNW) reported higher second quarter earnings but the results fell short of analyst expectations. 

DreamWorks Animation (Nasdaq: DWA) fell to a loss for the second quarter.

In the broad market, advaning issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 added 2 points to 1972. Bitcoin lost $6 to $574.

The markets reversed course in afternoon trading to close lower with the Dow dropping 70 points to 16,912 as earnings disappointed. Nasdaq slipped 2 points to 4442.

On the upside 

The Food and Drug Administration approved Pharmacyclics' (Nasdaq: PCYC) chronic lymphocytic leukemia treatment IMBRUVICA.

Cynosure (Nasdaq: CYNO) reversed year ago losses to post a better than expected profit for the second quarter.

Second quarter earnings fell for Medidata Solutions (Nasdaq: MDSO) but revenue climbed to top analyst estimates.

On the downside 

Targacept (Nasdaq: TRGT) will discontinue its TC-5214 overactive bladder program.

Investors locked in profits on El Pollo Loco (Nasdaq: LOCO). 

GrafTech International (NYSE: GTI) fell to a loss for the second quarter as revenue slipped.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 lost 8 points to 1969. Bitcoin slipped $2 to $581.

The markets traded modestly higher during the midday with the Dow rising 14 points to 16,997 as home prices rose less than expected in May. Nasdaq gained 12 points to 4457.

On the upside 

Second quarter earnings slipped for PGT (Nasdaq: PGTI) but the results were better than expected.

Cognex (Nasdaq: CGNX) reported sharply higher second quarter earnings that surpassed analyst expectations by a wide margin and forecast current quarter revenue ahead of estimates.

Shares of Frontier Communications (Nasdaq: FTR) surged after rival Windstream Holdings (Nasdaq: WIN) announced plans to spin-off its telecommunications assets.

On the downside 

Aliance Fiber Optic Products (Nasdaq: AFOP) reported lower second quarter earnings.

The Food and Drug Administration issued a Form 483 with ten inspectional observations to Impax Laboratories (Nasdaq: IPXL) after conducting a general inspection of the company's manufacturing facility in Taiwan. 

Oshkosh (NYSE: OSK) disappointed with lower than expected earnings for the second quarter and cut its earnings guidance for the full year.

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 edged up a fraction to 1979. Bitcoin slipped $5 to $579.

Gains by international markets lifted domestic markets to a higher open with the Dow climbing 65 points to 17,048. Nasdaq gained 24 points to 4468.

On the upside 

Windstream Holdings (Nasdaq: WIN) will spin off its telecommunications network assets into an independent, publicly traded real estate investment trust.

Camtek (Nasdaq: CAMT) reported higher second quarter earnings that beat analyst expectations as revenue rose.

Integrated Devices (Nasdaq: IDTI) reversed year ago losses to post a better than expected profit for the first quarter.

On the downside 

Meridian Bancorp (Nasdaq: EBSB) closed its stock offering and completed the conversion transaction.

TheStreet wrote that Galectin Therapeutics (Nasdaq: GALT) paid stock promoters to issue press releases promoting the company. 

Herbalife (NYSE: HLF) disappointed with lower second quarter earnings that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 5 points to 1984. Bitcoin lost $6 to $578.

Flat close despite merger news

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The markets closed flat with the Dow rising 22 points to 16,982 despite news of corporate consolidations. Nasdaq slipped 4 points to 4444.

On the upside 

TheStreet Ratings affirmed its Buy rating on EMC (NYSE: EMC).

UBS upgraded AbbVie (NYSE: ABBV) from a Neutral rating to a Buy rating.

Global Hunter upgraded Basic Energy Services (NYSE: BAS) from a Neutral rating to an Accumulate rating.

On the downside 

Manhattan Bridge Capital (Nasdaq: LOAN) priced its public offering of more than 1.754 common shares at the discounted price of $2.85 per share.

SkyWest (Nasdaq: SKYW) warned that second quarter results would fall short of expectations. 

TheStreet affirmed its Buy rating on Micron Technology (Nasdaq: MU) but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 held steady at 1978. Bitcoin lost $6 to $589.

Merger news lifts markets

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Merger news lifted the markets during the midday with the Dow rising 25 points to 16,986. Nasdaq held steady at 4449.

On the upside 

China BAK Battery (Nasdaq: CBAK) entered a strategic cooperation agreement with Dalian Institute of Chemical Physics of China Academy of Sciences to research and develop next-generation battery technology.

Shares of Move (Nasdaq: MOVE) rose on news of Zillow's (Nasdaq: Z) offer for Trulia (NYSE: TRLA).

GOL Linhas (NYSE: GOL) reported a record load factor and customer satisfaction level for June.

On the downside 

Compass Minerals International (NYSE: CMP) fell to an unexpected loss for the second quarter.

Ceragon Networks (NYSE: CRNT) swung to a profit for the second quarter but margins fell. 

Greenlight Capital sold its holdings in Rite Aid (NYSE: RAD).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added a point to 1979. Bitcoin lost $7 to $582.

Lower open despite merger news

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The markets opened lower with the Dow falling 64 points to 16,896 despite a flurry of merger news. Nasdaq dropped 31 points to 4,417.

On the upside 

Dollar Tree (NYSE: DLTR) will pay approximately $8.5 billion to buy Family Dollar Stores (NYSE: FDO).

Trulia (NYSE: TRLA) will be acquired by Zillow (Nasdaq: Z) for approximately $3.5 billion.

Shares of El Pollo Loco (Nasdaq: LOCO) continued climbing after an impressive market debut on Friday.

On the downside 

The Food and Drug Administration rejected AcelRx's (Nasdaq: ACRX) needle-free pain medication device Zalviso.

Armstrong World Industries (NYSE: AWI) disappointed with lower second quarter earnings that fell short of analyst expectations and lowered its full year outlook. 

CVS Caremark (NYSE: CVS) and Express Scripts (Nasdaq: ESRX) will no longer include Horizon Pharma's (Nasdaq: HZNP) Duexis and Vimovo on their formularies.

In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 lost 9 points to 1968. Bitcoin fell $14 to $575.

Investors sold-off as corporate earnings disappointed. The markets closed sharply lower with the Dow plunging 123 points to 16,960 while Nasdaq fell 22 points to 4,449.

On the upside 

Second quarter earnings slipped for HomeAway (Nasdaq: AWAY) but the results were better than expected and the company forecast current quarter as well as full year revenue ahead of estimates.

Newpark Resources (NYSE: NR) reported higher second quarter earnings and revenue that surpassed analyst expectations.

Acacia Research (Nasdaq: ACTG) widened second quarter losses but the results were better than expected as revenue more than doubled.

On the downside 

Swift Transportation (NYSE: SWFT) reported lower second quarter earnings and blamed a shortage of truck drivers for forecasting current quarter revenue below expectations.

Second quarter earnings rose for Silicon Laboratories (Nasdaq: SLAB) but the company forecast current quarter earnings that fell short of expectations. 

DragonWave (Nasdaq: DRWI) priced its public offering of 13.85 million units at a discount.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 9 points to 1978. Bitcoin rose $3 to $599.

The markets extended its losses during the midday with the Dow plummeting 146 points to 16,937 as corporate earnings disappoint. Nasdaq dropped 25 points to 4,446.

On the upside 

Shares of El Pollo Loco (Nasdaq: LOCO) surged in its market debut.

VeriSign (Nasdaq: VRSN) reported sharply higher second quarter earnings that beat analyst expectations as revenue rose.

Mellanox Technologies (Nasdaq: MLNX) widened second quarter losses but the results were better than expected.

On the downside 

Maxim Integrated Products (Nasdaq: MXIM) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast current quarter results below estimates.

Brightcove (Nasdaq: BCOV) widened losses for the second quarter and forecast full year results that fell short of expectations prompting downgrades. 

WellCare Health Plans (NYSE: WCG) fell to a loss for the second quarter and slashed its full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 fell 11 points to 1976. Bitcoin added $1 to $597.

Disappointing earnings sent the markets tumbling to a sharply lower open with the Dow plunging 102 points to 16,980. Nasdaq lost 14 points to 4,457.

On the upside 

Qlik Technologies (Nasdaq: QLIK) widened second quarter losses but the results were better than expected.

The Royal Bank of Scotland (NYSE: RBS) reported higher second quarter earnings.

Baidu (Nasdaq: BIDU) reported sharply higher second quarter earnings that surpassed analyst expectations by a wide margin as revenue climbed.

On the downside 

Pandora Media (NYSE: P) widened second quarter losses, forecast third quarter earnings below expectations and reported sequentially lower active listeners and listener hours.

Amazon (Nasdaq: AMZN) widened second quarter losses more than expected even as revenue rose prompting  a series of downgrades. 

Informatica (Nasdaq: INFA) reported higher second quarter earnings and revenue but the company forecast current quarter results that missed analyst expectations prompting downgrades.

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 1982. Bitcoin added $3 to $599.

Flat close over mixed data

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It was a flat close for the markets with the Dow slipping 2 points to 17,083 over mixed economic data. Nasdaq eased a point to 4,472.

On the upside 

Bloomberg reported that Zillow (Nasdaq: Z) may make a bid for rival Trulia (NYSE: TRLA).

Verso Paper (NYSE: VRS) amended its subordinated debt exchange offer.

Second quarter earnings fell for Overstock (Nasdaq: OSTK) but revenue climbed to surpass analyst expectations.

On the downside 

Life Time Fitness (NYSE: LTM) reported lower second quarter earnings that fell short of analyst expectations and cut its full year outlook.

Inteliquent (NYSE: IQNT) disappointed with sharply lower second quarter earnings. 

Shares of Kandi Technologies Group (Nasdaq: KNDI) continued falling.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 held steady at 1987. Bitcoin fell $20 to $596.

The markets traded flat during the midday with the Dow adding 3 points to 17,090 as sales of new homes tumbled 8.1% in June. Nasdaq lost 4 points to 4,469.

On the upside 

Bloomberg reported that SodaStream International (Nasdaq: SODA) may be taken private in a deal valued at approximately $828 million.

Shares of Intersect ENT (Nasdaq: XENT) soared on its first trading day.

Second quarter earnings surged threefold for VASCO Data Security International (Nasdaq: VDSI) to beat analyst expectations.

On the downside 

Liberty Media (Nasdaq: LMCA) adjusted the conversion rate of its 1.375% Cash Convertible Senior Notes due 2023.

DR Horton (NYSE: DHI) disappointed with lower third quarter earnings even as revenue rose. 

Domtar (NYSE: UFS) reversed year ago losses to post a profit for the second quarter but the results fell far short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1988. Bitcoin fell $21 to $595.

The markets opened flat with the Dow rising 6 points to 17,092 even as first time applications for unemployment benefits fell. Nasdaq slipped 2 points to 4,471.

On the upside 

Second quarter revenue climbed for Under Armour (NYSE: UA) prompting the sports apparel maker to lift its full year forecast.

Logitech International (Nasdaq: LOGI) reported sharply higher first quarter earnings and lifted its full year earnings guidance.

8x8 (Nasdaq: EGHT) reported lower first quarter earnings but revenue climbed to top analyst estimates.

On the downside 

Angie's List (Nasdaq: ANGI) widened second quarter losses more than expected prompting downgrades.

Second quarter earnings edged up for TripAdvisor (Nasdaq: TRIP) but the results fell short of expectations. 

Terex (NYSE: TEX) reported sharply higher second quarter earnings and revenue but the stock price dropped.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by a margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1988. Bitcoin fell $23 to $592.

The markets closed mixed with the Dow falling 26 points to 17,086 as concerns about global tensions tempered enthusiasm for corporate earnings. Nasdaq gained 17 points to 4,473.

On the upside 

Second quarter earnings fell for Zix (Nasdaq: ZIXI) but the results were better than expected.

PowerSecure (NYSE: POWR) landed new distributed generation business contracts worth approximately $140 million.

Puma Biotechnology's (NYSE: PBYI) upbeat test results lifted shares of Oncothyreon (Nasdaq: ONTY) and Array BioPharma (Nasdaq: ARRY).

On the downside 

Profit taking continued to sink shares of Kandi Technologies (Nasdaq: KNDI).

Integrated Device Technology (Nasdaq: IDTI) introduced its new industry first 1.5 Volt PCI Express buffer family but the stock price dropped. 

MeetMe (Nasdaq: MEET) priced its public offering of 5 million common shares at the discounted price of $2 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 3 points to close at a record 1987. Bitcoin slipped a point to $617.

U. S. growth forecast cut

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The markets traded mixed during the midday with the Dow losing 24 points to 17,089 after the International Monetary Fund lowered its growth forecast for the U. S. economy to 1.7% from 2.0%. Nasdaq rose 12 points to 4,468.

On the upside 

NQ Mobile (NYSE: NQ) partnered with A Wireless to offer security solutions for iOS and Android devices.

Repsol approached Talisman Energy (NYSE: TLM) to explore possible bid for the company.

Hawaiian Holdings (Nasdaq: HA) reported sharply higher second quarter earnings that more than doubled to top analyst estimates as revenue rose.

On the downside 

Jakks Pacific (Nasdaq: JAKK) narrowed losses for the second quarter but the results fell short of expectations.

Shares of Medical Transcription Billing (Nasdaq: MTBC) fell on its first trading day. 

Tupperware Brands (NYSE: TUP) disappointed with lower second quarter earnings as sales slipped prompting the company to cut its full year earnings outlook.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 rose 3 points to 1986. Bitcoin added a point to $619.

The markets opened mixed with the Dow slipping 16 points to 17,096 while Nasdaq gained 16 points to 4,472 as the remains of Malaysia Airlines Flight 17 victims arrived in Netherlands.

On the upside 

Puma Biotechnology (NYSE: PBYI) reported positive results from a Phase 3 trial of its breast cancer treatment neratinib.

The Supreme Court of Puerto Rico ordered the Court of First Instance to expedite a hearing in Doral Financial's (NYSE: DRL) suit against the Puerto Rican government.

Biogen Idec (Nasdaq: BIIB) impressed with sharply higher second quarter earnings and revenue that surpassed analyst expectations prompting the company to lift its full year revenue forecast.

On the downside 

Xilinx (Nasdaq: XLNX) reported higher first quarter earnings and revenue but revenue fell short of expectations and the company forecast current quarter revenue below estimates.

Second quarter earnings and revenue rose for Juniper Networks (NYSE: JNPR) but the company forecast third quarter results that fell short of expectations. 

Unisys (NYSE: UIS) fell to a loss for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1986. Bitcoin edged up a point to $618.

Higher close over earnings

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Positive earnings news lifted the markets to a higher close with the Dow gaining 61 points to 17,113. Nasdaq climbed 31 points to 4,456.

On the upside 

Blue Hills Bancorp (Nasdaq: BHBK) surged in its market debut.

Chipole Mexican Grill (NYSE: CMG) reported higher second quarter earnings and revenue that surpassed analyst expectations.

Woodward (Nasdaq: WWD) reported sharply higher second quarter earnings that more than doubled to beat expectations.

On the downside 

Second quarter earnings and revenue rose for Cadence Design Systems (Nasdaq: CDNS) but the company forecast current quarter earnings below expectations.

Pretium Resources (NYSE: PVG) priced its offering of 8.28 million common shares at the discounted price of $7.25 per share. 

CymaBay Therapeutics (Nasdaq: CBAY) priced its public offering of 4 million common shares at the discounted price of $5.50 per share.

In the broad market, advancing issues outpaced decliners 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 climbed 9 points to 1983. Bitcoin eased a fraction to $617.

The markets extended its gains during the midday with the Dow climbing 70 points to 17,121 as existing home sales rose 2.6% in June. Nasdaq gained 32 points to 4,456.

On the upside 

Investors ignored the latest attack on Herbalife (NYSE: HLF) that was launched by Pershing Square's Bill Ackman.

The German Federal Ministry of Economic Affairs and Energy granted FuelCell Energy (Nasdaq: FCEL) 4.9 million euros for a three year research and development project.

SeeThruElement initiated coverage of Net Element (Nasdaq: NETE) with a price target of $3.27.

On the downside 

Second quarter earnings and revenue for Silicom (Nasdaq: SILC) fell short of expectations.

Del Frisco's Restaurant Group (Nasdaq: DFRG) reported higher second quarter earnings and revenue but the results missed analyst expectations and the company lowered its full year earnings guidance. 

The acquisition of two banks by BancorpSouth (NYSE: BXS) has been delayed due to federal inquiries.

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 climbed 10 points to 1984. Bitcoin edged up a fraction to $619.

Higher open over mild inflation

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A mild 0.3% increase in consumer prices lifted the markets to a higher open with the Dow gaining 59 points to 17,110. Nasdaq climbed 29 points to 4,453.

On the upside 

CIT Group (NYSE: CIT) will acquire OneWest Bank in a cash and stock deal valued at approximately $3.4 billion.

Second quarter earnings dropped for Crocs (Nasdaq: CROX) but the results were better than expected and the company announced strategic plans to improve and grow its business.

CombiMatrix (Nasdaq: CBMX) will provide the Stratose directly managed PPO network with its suite of molecular diagnostic solutions.

On the downside 

Harley-Davidson (NYSE: HOG) reported higher second quarter earnings that topped analyst estimates but the company cut its full year shipment outlook.

Fourth quarter earnings and revenue climbed for New Oriental Education & Technology Group (NYSE: EDU) but the company forecast current quarter revenue below expectations. 

Tallgrass Energy Partners (NYSE: TEP) priced its public offering of 7 million common units at the discounted price of $41.07 per common unit.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 8 points to 1982. Bitcoin held steady at $618.

Global tensions dampened investor enthusiasm to send the markets down to a lower close with the Dow losing 48 points to 17,051. Nasdaq fell 7 points to 4,424.

On the upside 

China's Classification Society granted type approval to Euro Tech Holdings (Nasdaq: CLWT) for its 300 Cubic Meters per hour Ballast Water Treatment Systems.

Shares of NQ Mobile (NYSE: NQ) extended its gains.

Barron's wrote that Horsehead Holding (Nasdaq: ZINC) had the potential to soar 40%.

On the downside 

Bank of America/Merrill Lynch downgraded Itron (Nasdaq: ITRI) from a Buy rating to an Underperform rating.

Shares of Qiwi (Nasdaq: QIWI) continued falling as the threat of additional international sanctions against Russia intensified. 

Investors locked in profits on TubeMogul (Nasdaq: TUBE).

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 3 on Nasdaq. The broader S&P 500 lost 4 points to 1973. Bitcoin held steady at $618.

The markets recovered early morning losses but continued trading in negative territory during the midday with the Dow falling 31 points to 17,068 as investors monitored earnings. Nasdaq slipped a point to 4,430.

On the upside 

Shares of Plug Power (Nasdaq: PLUG) continued climbing.

Cowen & Co. analyst Doug Creutz lifted his price target on Glu Mobile (Nasdaq: GLUU) from $6 to $10.

Steel Dynamics (Nasdaq: STLD) will pay approximately $1.625 billion to buy a steel plant from Russian steel company Severstal.

On the downside 

Activist investor Bill Ackman said that Herbalife (NYSE: HLF) would collapse.

UBS trimmed its price target on LATAM Airlines Group (NYSE: LFL) after the company cut its 2014 margin guidance last week. 

Shares of Russian telecommunications services company Mobile Telesystems (NYSE: MBT) fell over sanction fears.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 3 points to 1975. Bitcoin eased $2 to $616.

Ukraine concerns sink markets

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Concerns of escalating tensions in Ukraine sent the markets tumbling to a sharply lower open with the Dow dropping 94 points to 17,005. Nasdaq fell 16 points to 4,415.

On the upside 

A Seeking Alpha contributor noted that Kandi Technologies (Nasdaq: KNDI) was the lead electric vehicle producer and seller in China for the first half of 2014.

Extreme Networks (Nasdaq: EXTR) reported preliminary fourth quarter earnings and revenue that surpassed its previous guidance.

CounterPath (Nasdaq: CPAH) received a patent for its mobile network based authentication methods.

On the downside 

EZCORP (Nasdaq: EZPW) appointed chief financial officer Mark Kuchenrither as interim chief executive officer and president.

Six Flags Entertainment (NYSE: SIX) reported higher second quarter earnings but revenue fell short of analyst expectations. 

Investors locked in profits on BioFuel Energy (Nasdaq: BIOF).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 7 points to 1970. Bitcoin slipped $3 to $616.

Upbeat earnings boost markets

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Upbeat earnings sent the markets soaring to a sharply higher close with the Dow leaping 123 points to 17,100. Nasdaq jumped 68 points to 4,432.

On the upside 

Shares of TubeMogul (Nasdaq: TUBE) surged in its market debut.

Gentiva Health Services (Nasdaq: GTIV) received an acquisition offer that valued the company at approximately $635.5 million.

Roth Capital said that Plug Power (Nasdaq: PLUG) would likely meet its full year revenue guidance.

On the downside 

Hub Group (Nasdaq: HUBG) reported flat earnings for the second quarter but revenue fell short of expectations.

JPMorgan downgraded Chemical & Mining Co. of Chile (NYSE: SQM) to a Neutral rating from an Overweight rating and cut its price target from $37 to $30.

General Electric (NYSE: GE) reported higher second quarter earnings but revenue fell short of 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 soared 20 points to 1978. Bitcoin added $3 to $624.

Markets extend gains at midday

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The markets extended its gains during the midday with the Dow climbing 77 points to 17,054 on upbeat earnings. Nasdaq soared 50 points to 4,414.

On the upside 

Shares of Terraform Power (Nasdaq: TERP) surged in its market debut.

Sage Therapeutics (Nasdaq: SAGE) stock soared on its first trading day.

NQ Mobile (NYSE: NQ) hired Marcum Bernstein Pinchuk to replace PricewaterhouseCoopers as its independent auditor.

On the downside 

Cepheid (Nasdaq: CPHD) widened loss for the second quarter and forecast full year results below expectations.

Bank of America/Merrill Lynch downgraded Nu Skin Enterprises (NYSE: NUS) from a Neutral rating to an Underperform rating.

Teekay LNG Partners (NYSE: TGP) will offer 2.8 million common units.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 1973. Bitcoin added $2 to $623.

An increase in the Conference Board's index of leading economic indicators lifted the markets to a higher open with the Dow gaining 58 points to 17,035. Nasdaq climbed 31 points to 4,395.

On the upside 

Skyworks Solutions (Nasdaq: SWKS) reported sharply higher third quarter earnings and revenue that topped estimates and forecast current quarter revenue ahead of estimates.

Ericsson (Nasdaq: ERIC) reported flat second quarter revenue but the results were better than expected as margins improved.

Zhone Technologies (Nasdaq: ZHNE) named James Norrod to the position of president and chief executive officer.

On the downside 

Advanced Micro Devices (NYSE: AMD) narrowed second quarter losses but the results fell short of analyst expectations and the chip maker forecast current quarter revenue below estimates.

RealPage (Nasdaq: RP) warned that second quarter revenue would fall short of its previous guidance.

Key Energy Services (NYSE: KEG) warned of losses for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 rose 7 points to 1966. Bitcoin eased $1 to $618.

The shooting down of a Malaysian airliner in Ukraine sent the markets tumbling to a sharply lower close with the Dow plummeting 161 points to 16,976. Nasdaq stumbled 62 points to 4,363.

On the upside 

Reuters reported that Sycamore Partners has engaged in early stage discussions to purchase Fred's (Nasdaq: FRED).

McEwen Mining (NYSE: MUX) reported that it produced 31,200 gold equivalent ounces in the second quarter.

Rumors that World Wrestling Entertainment (NYSE: WWE) may be acquired lifted shares of the media company.

On the downside 

Shares of CareDX (Nasdaq: CDNA) fell on its first trading day.

Needham downgraded Covidien (NYSE: COV) from a Buy rating to a Hold rating.

Shares of Bank of America (NYSE: BAC) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 23 points to 1958. Bitcoin eased $1 to $612.

The markets dropped during the midday with the Dow tumbling 84 points to 17,053 over news that Malaysia Airlines Flight 17 was shot down while flying over eastern Ukraine. Nasdaq plunged 41 points to 4,384.

On the upside 

NeoGenomics (Nasdaq: NEO) reported sharply higher second quarter revenue that topped analyst estimates prompting the company to lift its full year revenue outlook.

BioLife Solutions (Nasdaq: BLFS) will supply it tissue preservation solution DuraGraft to Somahlution for three years.

Burlington Stores (NYSE: BURL) will refinance its debt and lifted its same store sales outlook.

On the downside 

News that terrorists in Ukraine shot down Malaysia Airlines Flight 17 sent shares of Russian electronic payment services firm Qiwi (Nasdaq: QIWI) tumbling.

A disappointing forecast by SanDisk (Nasdaq: SNDK) weighed down shares of Micron Technology (Nasdaq: MU).

Second quarter earnings tumbled for Fifth Third Bancorp (Nasdaq: FITB) .

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 fell 13 points to 1968. Bitcoin rose $11.55 or 1.85% to $624.50.

Mixed open over rate concerns

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The markets opened mixed with the Dow rising 9 points to 17,147 while Nasdaq slipped 7 points to 4,418 over concerns that interest rates may rise next year.

On the upside 

Manager Magazin reported that Siemens would make an offer to acquire Dresser-Rand Group (NYSE: DRC).

Select Comfort (Nasdaq: SCSS) reported lower second quarter earnings but the results were better than expected.

United Rentals (NYSE: URI) reported sharply higher second quarter earnings that beat analyst expectations as revenue rose.

On the downside 

Second quarter earnings rose for SanDisk (Nasdaq: SNDK) to top analyst estimates but the memory chip maker forecast current quarter results below expectations.

Mattel (Nasdaq: MAT) disappointed with sharply lower second quarter earnings that fell far short of analyst expectation as sales of its Barbie dolls tumbled.

AutoNation (NYSE: AN) reported higher second quarter earnings but the results missed expectations.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 1980. Bitcoin added $3.74 or 0.61% to $616.68.

Investors were selectively buying stocks while keeping an eye on corporate earnings results and acquisition news in the media industry.  The Dow Jones Industrial Average hit a new closing high of 17,138, up 77 points.  Nasdaq rose 9 points to finish the session at 4,425.

On the upside

Time Warner (NYSE: TWX) rejected an $80 a share bid by Rupert Murdoch's Twenty First Century Fox (NYSE: FOX) to create the largest media company in the world.  Analysts expect another offer soon.

Intel (Nasdaq: INTC) was the most active stock traded after the chip giant posted earnings that beat estimates.

Realogy Holdings (Nasdaq: RLGY) announced an all-cash $166 million to buy out its smaller residential brokerage rival ZipRealty (Nasdaq: ZIPR).

On the downside

After posting better than expected 2nd quarter results, Taiwan Semiconductor Manufacturing (NYSE: TSM) revealed that it was getting fewer orders from Qualcomm (Nasdaq: QCOM).

Shares of Yahoo (Nasdaq: YHOO) tumbled after the Internet company posted a decline in profits and revenues.

Shares of Blackberry (Nasdaq; BBRY) fell sharply following an announcement by Apple (Nasdaq: AAPL) and IBM (NYSE: IBM) to develop applications for the iPhone and iPad that target corporate customers.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE, but were outpaced by a margin of more than 4 to 3 on Nasdaq. The broader S&P 500 rose 8 points to close at 1,981. Bitcoin lost $4 to $613.
Comments by Federal Reserve Chair Janet Yellen about stock valuations rattled biotech and social media investors which pushed the Nasdaq into negative territory to close at 4,416, down 24 points.  The Dow edged up 5 points to finish the session at 17,060.

On the upside

FBR Capital Markets began coverage of Plug Power (Nasdaq: PLUG) with an outperform rating due to the company's potential growth in the alternative fuel industry.

JPMorgan Chase (NYSE: JPM) posted lower earnings that beat expectations while offering a positive update on CEO Jamie Dimon's fight against throat cancer.

GoPro (Nasdaq: GPRO) bucked the trend among momentum stocks on a positive report by analysts about its market size.

Shares of Rockwood Holdings (NYSE: ROC) surged after the producer of lithium batteries agreed to be acquired by Albermarle Corp. (NYSE: ALB) for $6.2 billion in cash and stock.

On the downside

Reynold American (NYSE: RAI) announced a $25 billion deal to buy Lorillard Inc. (NYSE: LO) to create the 2nd largest tobacco company in the United States.   Reynolds plans to keep Lorillard's flagship Newport brand while selling off the e-cigarette Blu brand.

Investors sold off on momentum stocks like Tesla Motors (Nasdaq: TSLA), Netflix (Nasdaq: NFLX) and Yelp (Nasdaq: YELP).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 slipped 3 points to close at 1,973.  Bitcoin lost $9 to $617.

Bargain hunters and tech investors were in the buying mood as the Dow surged 111 points to finish the session at 17,055.   Nasdaq rose 24 points to close at 4,440.

On the upside 

Citigroup (NYSE: C) posted quarterly results that beat expectations and agreed to pay $7 billion to settle a probe into subprime mortgages.


Apple (Nasdaq: AAPL) was upgraded by analysts on optimism for its upcoming iPhone 6 launch as well as potential tablet, wearable device and television product lines.


Shares of Exelixis (Nasdaq: EXEL) surged on positive trial data results for its advanced melanoma drug treatment.


Shares of Kandi Technologies (Nasdaq: KNDI) announced surging electric vehicle sales for the 2nd quarter and is favorite among momentum investors.


On the downside 


The Female Health Company (Nasdaq: FHCO) announced that it would suspend its quarterly dividend in order to invest in a new strategic initiatives.


Harmonic Inc. (Nasdaq: HLIT), a video service provider, lowered its guidance for the 2nd and 3rd quarters


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and Nasdaq. The broader S&P 500 added 8 points to close at 1,976.  Bitcoin rose $11 to $626.

After a volatile week triggered by a looming financial crisis in Portugal, investors found their footing  by snapping up discounted momentum stocks.   The Dow finished the session at 16,915, up 28 points.   The tech and Internet-heavy Nasdaq climbed 19 points to close at 4,415.

On the upside

Shares of Amazon.com (Nasdaq: AMZN) led Internet stocks on positive mention of its cloud computing business as well as buzz surrounding its drone delivery initiative.

Shares of Glu Mobile (Nasdaq: GLUU) rose again on excitement about Kim Kardashian: Hollywood, a free-to-play mobile game.

On the downside

Genworth Financial (NYSE: GNW) is expected to abide by new restrictions proposed by the Federal Housing Finance Agency on mortgage insurers doing business with Freddie Mac (Nasdaq: FMCC) and Fannie Mae (Nasdaq: FNMA).

Shares of Digital Ally (Nasdaq: DGLY) opened sharply higher, but ended the trading session in the red as investors took profits.   Yesterday, the company received a patent for its VuLink connectivity system which lets law enforcement agencies record video inside and outside of vehicles.

Wells Fargo (NYSE: WFC) posted higher revenues that beat estimates along with earnings that met expectations, but the stock slipped slightly lower.

Rent-A-Center (Nasdaq: RCII) announced guidance for 2nd quarter revenues and earnings based on modest same-store sales growth.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 5 to 4 on Nasdaq.  The broader S&P 500 added 2 points to close at 1,967.  Bitcoin lost $5 to $615.

A sell-off in Portuguese bonds sent shockwaves throughout the European and U.S. stock markets as investors shifted from stocks to U.S. Treasuries and gold.   The Dow eventually pared half of its losses and finished the session at 16,915, down 70 points.   Nasdaq lost 22 points to close at 4,396.

On the upside

TRW Automotive (NYSE: TRW) reportedly received a buyout offer and sent its stock to a record high.

Shares of Digital Ally (Nasdaq: DGLY) more than doubled after the company received a patent for its VuLink connectivity system which lets law enforcement agencies record video inside and outside of vehicles.

AmREIT (Nasdaq: AMRE) was the target of a $430 million buy-out offer from Regency Centers (NYSE: REG).

On the downside

Shares of Potbelly (Nasdaq: PBPB), a sandwich shop operator, lost nearly a quarter of its value to sink below its IPO price of $14 set last October.

Ocera Therapeutics (Nasdaq: OCRX) priced a secondary offering of 4.2 million shares at $6 apiece.  The stock promptly fell below that level.

Shares of Lumber Liquidators (NYSE: LL) tumbled after the flooring retailer lowered its 2004 revenue and earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 8 points to close at 1,964. Bitcoin rose $1 to $620.

News of Federal Reserve plans to end bond purchases was received by investors as a sign of economic strength.   The Dow opened higher and finished the session at 16,985, up 78 points.   Nasdaq climbed 27 points to close at 4,419.

On the upside

Shares of Pixelworks (Nasdaq: PXLW) rose sharply on renewed speculation that revenues attributed to an unnamed partner is likely to be Apple (Nasdaq: AAPL).

AeroVironment, Inc. (Nasdaq: AVAV) reported higher quarterly revenues and earnings for the drone manufacturer.

Mexican telecommunications giant America Movil (NYSE: AMX) announced plans to sell off assets to bring its market share below 50% in Mexico.

On the downside

Gigamon, (Nasdaq: GIMO), a provider of network traffic solutions lowered its guidance for the current quarter.   Analysts promptly downgraded the stock.

Investors sold off on flooring retailer Lumber Liquidators (NYSE: LL) which lowered its 2004 revenue and earnings outlook.

Shares of TherapeuticsMD (Nasdaq: TXMD) gave up some of yesterday's gains following an upgrade from FBR Capital.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly the same on Nasdaq. The broader S&P 500 rose 9 points to 1972. Bitcoin fell $2 to $619.

Stocks retreated again with momentum stocks taking the brunt of the sell-off ahead of corporate earnings news.   The Dow tumbled 117 points to close at 16,906 while Nasdaq fell a steeper 60 points to finish the session at 4,391.

On the upside

Shares of TherapeuticsMD (Nasdaq: TXMD) surged after FBR Capital upgraded the pharmaceutical company for its promising hormone treatment of post-menopausal symptoms such as hot flashes.

Macquarie Instrastructure (NYSE: MIC) announced plans to buy up the rest of International-Matex Tank Terminals for $1.025 billion and expects the transaction to be accretive to cash flow immediately.

Wal-Mart Stores (NYSE: WMT) were among the few gainers today.  CEO Doug McMillon hinted at new small store concept and online strategies to fend off rivals like Amazon (Nasdaq: AMZN).

On the downside

Shares of Twitter (NYSE: TWTR) were among the sharpest decliners among momentum stocks which retreated for a second day in a row.

Shares of Netflix (Nasdaq: NFLX) joined the tech sell-off despite an analyst upgrade.

Shares of Eagle Bulk Shipping (Nasdaq: EGLE) fell to a 52-week low on bankruptcy worries.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by a ratio of nearly 4 to 1 on Nasdaq. The broader S&P 500 fell 13 points to 1963. Bitcoin rose $2 to $621.

Investors returned from the extended Independence Day weekend to take profits ahead of corporate earnings season.   The Dow finished the session with a 44 points loss at 17,024 while Nasdaq fell a steeper 34 points to close at 4,451.

On the upside

Shares of BioDelivery Sciences (Nasdaq: BDSI) surged and hit a 52-week high after the company reported positive 2nd stage trial results for its experimental pain drug.

Shares of Camteck (Nasdaq: CAMT) steadily rose higher today after the company announced the launch of its new Eagle product line and early orders from semiconductor device manufacturers.

Shares of Apple (Nasdaq: AAPL) bucked the trend and rose on a positive outlook based on June's sales numbers.

On the downside

Shares of USEC (NYSE: USU) continued to give up recent gains as the uranium fuel provider provided more details about its emergence from Chapter 11 bankruptcy.

Expedia (Nasdaq: EXPE) announced the acquisition of Australia-based Wotif.com Holdings for approximately $650 million in cash expanding into the Asia Pacific online travel booking market.

GT Advanced Technologies (Nasdaq: GTAT) was downgraded by analysts as investors worried that the company may not be part of the expected Apple iPhone 6 launch.

In the broad market, advancing issues were outpaced decliners by a margin of more than 2 to 1 on the NYSE and by a ratio of 4 to 1 on Nasdaq. The broader S&P 500 retreated from its record high shedding 7 points to 1977. Bitcoin lost $15 to $619.

U. S. markets closed

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U. S. markets are closed in observance of Independence Day.

A strong jobs report boosted the stock market with the Dow finishing a holiday-shortened session up 92 points at 17,068. Nasdaq rose 28 points to close at at 4,485.

On the upside

Petsmart (Nasdaq:PETM) was asked by Jana Partners to explore the sale of the company and its 9.9% stake in the retailer.

Shares of Rite Aid (NYSE: RAD) was boosted by an increase in same-store sales in June for the drugstore chain.

Shares of Paccar (Nasdaq: PCAR) surged on analysts' comments speculating about Volkswagen making a bid for the truck maker.  Volkwagen denied the claim.

On the downside

Shares of USEC (NYSE: USU) gave up a third of its value after rallying for two days.  The uranium fuel provider is emerging from Chapter 11 bankruptcy.

Worries about the underlying business of NQ Mobile (NYSE: NQ) weighed on investors as PricewaterhouseCoopers expanded the scope of the Chinese Internet service provider.

Shares of Regado Biosciences (Nasdaq: RGDO) tumbled after the FDA announced a surprise review of the company's antithrombotic drug system.  Analysts promptly downgraded the stock.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE, but were narrowly edged out on Nasdaq. The broader S&P 500 climbed 10 points to close at a record 1985. Bitcoin lost $8 or 1.3% to $634.

The stock market inched higher as investor focused on job creation and the resilience of the U.S. economy.  The Dow rose 20 points to close at 16,956 while Nasdaq slipped a fraction to finish the session at 4,457.

On the upside


Shares of Greenbrier (NYSE: GBX) hit a record high after the railcar maker posted higher quarterly revenues and profits that beat expectations.

Alcoholic beverage maker Constellation Brands (NYSE: STZ) posted higher revenues and earnings that beat analysts' estimates.

Shares of Doral Financial (NYSE: DRL) surged after a Puerto Rico appeals court reversed a lower court decision to overturn a $230 million tax refund.

On the downside


Investors finally took profits on GoPro (Nasdaq: GPRO) whose shares had more than doubled from its IPO last week.

Shares of Delta Air Line (NYSE: DAL) lost ground after reporting slower international bookings in June.

CalAmp (Nasdaq: CAMP) posted higher revenues and earnings, but offered a modest outlook for the current quarter in its satellite business.

In the broad market, advancing issues were outpaced decliners by a margin of nearly 2 to 1 the NYSE and by almost 5 to 4 on Nasdaq. The broader S&P 500 added a point to close at a record 1974. Bitcoin slipped $1 or 0.2% to $643.
The stock market rallied throughout the day on confidence in the U.S. economy with the Dow closing at 16,956, up nearly 130 points while Nasdaq surged 50 points to finish the session at 4,458.

On the upside

Shares of GoPro (Nasdaq: GPRO) rallied for a fourth consecutive trading day more than double its IPO price of $24 a share last Thursday.

Twitter (Nasdaq: TWTR) has hired Anthony Noto, a former Goldman Sachs executive, to replace chief financial officer Mike Gupta.

Salix Pharmaceuticals (Nasdaq: SLXP) announced positive results for its treatment of irritable bowel syndrome.

On the downside

Shares of Accuity Brands (NYSE: AYI) tumbled after reporting higher revenues and earnings for the 3rd quarter, but missed analysts expectations.

An FDA warning letter about problems at a STAAR Surgical Company (Nasdaq: STAA) facility that makes implantable lenses for the eye triggered a sell-off.

Synageva BioPharma (Nasdaq: GEVA) announced trial data for its treatment of liver injury.    However, analysts were lukewarm about the results.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 the NYSE and by almost 3 to 1 on Nasdaq. The broader S&P 500 rose 13 points to close at 1973. Bitcoin rose $6.34 or 0.98% to $644.33.

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