The markets opened mixed with the Dow slipping 4 points to 18,512 while Nasdaq rose 11 points to 5,085 as earnings disappoint.
On the upside
Shares of Kingtone Wirelessinfo Solutions (Nasdaq: KONE) continued soaring.
Puma Biotechnology (Nasdaq: PBYI) submitted follow-up data to the Food and Drug Administration for its marketing application for the breast cancer treatment neratinib.
Swift Transportation (NYSE: SWFT) reported better than expected earnings and revenue for the second quarter.
On the downside
Skechers (NYSE: SKX) disappointed with lower second quarter earnings that fell short of expectations.
Olin (Nasdaq: OLN) cut its second quarter and full year forecast prompting a downgrade.
Skyworks Solutions (Nasdaq: SWKS) reported lower third quarter earnings and revenue.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 2,167. Bitcoin tumbled $11 to $651.
