A drop in new home sales weighed the markets down to a lower open with
the
Dow falling 82 points to 12,510. Nasdaq lost 6 points to
2835.
On the upside
Electronic payments solutions company ACI Worldwide (Nasdaq: ACIW) offered a premium of $540 million in cash and stock to acquire financial services software solutions provider S1 (Nasdaq: SONE).
Weatherford International (NYSE: WFT) swung to a better than expected profit for the second quarter.
Second quarter earnings for RadioShack (NYSE: RSH) fell but the electronics retailer announced an agreement to sell Verizon Wireless (NYSE: VZ) products beginning September 15.
Netflix (Nasdaq: NFLX) reported higher second quarter earnings but revenue missed expectations and the movie rental company forecast third quarter results below analyst estimates.
AK Steel Holding (NYSE: AKS) reported higher second quarter earnings but the results fell far short of analyst expectations.
U. S. Steel (NYSE: X) swung to a second quarter profit but revenue fell short of expectations and the company warned of lower operating profit for the current quarter.