The markets closed sharply higher with the Dow surging 146 points to 10,363 as earnings impressed. Nasdaq jumped 43 points to 2242.
On the upside
Standard Pacific (NYSE: SPF) will release second quarter earnings after market close on Thursday, July 29, 2010.
Flagstar Bancorp (NYSE: FBC) regained listing compliance with the NYSE.
Brooks Automation (Nasdaq: BRKS) lifted its third quarter guidance above analyst expectations.
On the downside
Consumer Reports refused to recommend Apple's iPhone 4 (Nasdaq: AAPL) citing reception problems.
Bank of America/Merrill Lynch analyst Vivek Arya initiated coverage of Calix (NYSE: CALX) with an Underperform rating citing valuation concerns.
BioMimetic Therapeutics (Nasdaq: BMTI) will raise capital through the offering of 5 million common shares.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 21 points to 642.