Flat open on sluggish economy

The markets opened flat with the Dow rising 9 points to 18,457 as the nation's economy expanded at a modest 1.1% pace in the second quarter. Nasdaq added 3 points to 5,215.


On the upside


PetroQuest (NYSE: PQ) commenced private exchange offers and a consent solicitation to senior notes holders.


Staffing 360 Solutions (Nasdaq: STAF) will release financial results on Monday, August 29, 2016.


Performance Sports Group (NYSE: PFS) may be close to finalizing a deal with its creditors to avoid a default.


On the downside


The Department of Education will no longer provide federal financial aid to students enrolled at ITT Educational Services (NYSE: ESI).


Brocade Communications (Nasdaq: BRCD) reported sharply lower third quarter earnings.


Splunk (Nasdaq: SPLK) widened losses for the third quarter prompting a downgrade.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,175. Bitcoin rose $3 to $578.

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