The markets opened lower with the Dow losing 13 points to 10,309 as investors await the results of Eurpean bank stress tests. Nasdaq fell 12 points to 2233.
On the upside
Microsoft (Nasdaq: MSFT) extended its licensing agreement with ARM (Nasdaq: ARMH).
Quicksilver Resources (NYSE: KWK) announced the sale of its wholly owned Quicksilver Gas Services (NYSE: KGS) partnership to Crestwood Midstream Partners II for $701 million in cash.
Ford (NYSE: F) reported higher second quarter earnings that surpassed analyst expectations by a wide margin.
On the downside
Although Amazon (Nasdaq: AMZN) reported higher second quarter earnings, the results fell short of expectations prompting a downgrade.
Second quarter earnings climbed for Ericsson (Nasdaq: ERIC) but still missed analyst estimates.
Second quarter earnings for Beckman Coulter (NYSE: BEC) dropped and the company forecast full year results that missed expectations prompting downgrades.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 632.
