The markets traded lower during the midday with
the
Dow slipping 10 points to 12,577 as investors monitored federal budget negotiations. Nasdaq fell 12
points to 2814.
On the upside
Textron (NYSE: TXT) reported higher second quarter earnings that topped analyst estimates.
Second quarter earnings climbed for U. S. Bancorp (NYSE: USB) to beat analyst expectations as credit loss provisions tumbled.
Shares of Zillow (Nasdaq: Z) surged in its market debut.
Gleacher & Co. said that it would be unlikely for Dell (Nasdaq: DELL) to acquire Brocade Communications Systems (Nasdaq: BRCD).
Fortinet (Nasdaq: FTNT) reported higher second quarter earnings that topped analyst estimates as revenue climbed but the stock price plunged.
Second quarter earnings climbed for Altera (Nasdaq: ALTR) to beat analyst expectations but revenue fell short of estimates.