Initial jobless claims posted an unexpected gain last week to send the markets lower during the midday with the Dow losing 27 points to 10,652. Nasdaq fell 10 points to 2293.
On the upside
Windows Media Center can now use Hauppauge's (Nasdaq: HAUP) high definition personal video recorder to record television programs.
Atmel (Nasdaq: ATML) widened second quarter losses but revenue climbed to beat analyst expectations.
Regis (NYSE: RGS) retained the services of Peter J. Solomon Co., Faegre & Benson LLP and Wachtell, Lipton, Rosen & Katz to explore strategic alternatives including the option of selling the company.
On the downside
Ikanos Communications (Nasdaq: IKAN) widened second quarter losses and announced a 20% reduction in staff.
Pacer International (Nasdaq: PACR) swung to a second quarter profit but the stock price dropped.
TFS Financial (NYSE: TFSL) disappointed with flat second quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 656.
