The markets opened flat with the Dow adding 2 points
to 10,444 as home sales posted a 2.2% drop. Nasdaq rose7 points to 2296.
On the upside
Takeda Pharmaceutical made a $30 million milestone payment to Affymax (Nasdaq: AFFY) for the anemia treatment Hematide/peginesatide.
Shares of Lloyds (NYSE: LYG) rose on news that the British government crafted an emergency budget for the country.
Lincare Holdings (Nasdaq: LNCR) will pay a quarterly dividend of 20 cents per share on July 29 to shareholders of record July 19.
On the downside
Walgreens (NYSE: WAG) disappointed with lower third quarter earnings that fell short of expectations.
Patriot Coal (NYSE: PCX) will permanently close its lucrative Harris No. 1 mine in West Virginia citing severe damage to the roof.
Republic First Bancorp (Nasdaq: FRBK) priced its offering of 15 million common shares at $2 per share.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 662.
