The markets recovered its losses during the midday to trade near the flatline with the Dow slipping 8 points to 17,710 as crude oil prices climbed. Nasdaq lost 6 points to 4,869.

On the upside

SolarEdge Technologies (Nasdaq: SEDG) surged in its market debut.

Diplomat Pharmacy (NYSE: DPLO) priced its follow-on public offering of approximately 8.54 million common shares at $29.00 per share.

Procter & Gamble partnered with WaferGen Bio-systems (Nasdaq: WGBS) to use WaferGen's SmartChip MyDesign(TM) System to conduct gene expression and other studies.

On the downside

Winnebago Industries (NYSE: WGO) disappointed with lower second quarter earnings that fell short of analyst expectations.

Sagent Pharmaceuticals (Nasdaq: SGNT) founder and chief executive Jeffrey Yordon will retire.

Standard & Poor's downgraded its outlook on Petrobras (NYSE: PBR) from Stable to Negative.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2061. Bitcoin added $4 to $249.