The markets traded mixed during the midday with the Dow losing 12 points to 17,585 as Saudi Arabia expanded its refinery activity. Nasdaq added 3 points to 5,119.
On the upside
MGM Resorts International (NYSE: MGM) reported a better than expected profit for the second quarter.
Guggenheim initiated coverage of Netflix (Nasdaq: NFLX) with a Buy rating.
Second quarter earnings and revenue for Luminex (Nasdaq: LMNX) beat expectations.
On the downside
Bleecker Street Research reported that AAC (NYSE: AAC) knew in 2013 about a criminal investigation that resulted in a second degree murder indictment against former president Jerrod Menz.
On Deck Capital (NYSE: ONDK) swung to a profit for the second quarter but the company forecast current quarter and full year results below expectations.
Endologix (Nasdaq: ELGX) widened second quarter losses more than expected and lowered its full year guidance.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 eased a fraction to 2097. Bitcoin added $1 to $283.
Mixed markets as Saudi Arabia expands refinery activity
August 04, 2015 at 14:44 PM EDT