Losses extended as unemployment rate rises

An unexpected uptick in the nation's unemployment rate to 6.2% sent the markets lower during the midday with the Dow tumbling 96 points to 16,466. Nasdaq dropped 37 points to 4332.

On the upside

Shares of Mobileye (NYSE: MBLY) surged in its market debut.

CBD Energy (Nasdaq: CBDE) won a $112 million contract to construct a 64MW solar park in Thailand.

Spirit AeroSystems Holdings (NYSE: SPR) swung to a greater than expected profit for the second quarter as revenue climbed prompting the company to lift its full year outlook.

On the downside

Vocera Communications (NYSE: VCRA) widened second quarter losses as revenue fell and cut its full year revenue outlook.

Pixelworks (Nasdaq: PXLW) narrowed losses for the second quarter but the results missed expectations.

Immersion (Nasdaq: IMMR) disappointed with lower second quarter earnings that fell short of expectations and forecast full year revenue below analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 fell 11 points to 1919. Bitcoin gained $17 to $597.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.