The markets traded flat during the midday with the Dow slipping 8 points to 15,610 even as jobless claims fell more than expected. Nasdaq added 4 points 3935.
On the upside
Shares of 58.com (NYSE: WUBA) surged on its first trading day.
Essent Group (NYSE: ESNT) stock leaped in its market debut.
Third quarter earnings slipped for Atmel (Nasdaq: ATML) but the results topped analyst estimates and the company increased its stock repurchase program funds by $300 million.
On the downside
A district court invalidated a patent owned by Sequenom (Nasdaq: SQNM).
NII Holdings (Nasdaq: NIHD) widened losses more than expected as revenue fell.
Sony (NYSE: SNE) widened second quarter losses and cut its full year earnings outlook.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1763.
