Markets Flat At Midday

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.

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