The markets opened mixed with the Dow rising 5 points to 12,741 while Nasdaq slipped 6 points to 2925 as concerns about corporate earnings tempered enthusiasm for the Eurozone bailout of Spanish banks. On the upside
Intel (NYSE: INTC) will acquire a 15% stake in ASML Holding (Nasdaq: ASML) for approximately $3.07 billion and invest $1 billion to develop new technologies. Southwest Airlines (Nasdaq: LUV) will add two direct flights to New York from Nashville and announced new low fare sales for flights nationwide. Wolverwine Worldwide (NYSE: WWW) reported lower second quarter earnings that fell short of expectations but the shoemaker affirmed its full year forecast. On the downside Applied Materials (NYSE: AMD) blamed falling demand for cutting its full year revenue guidance and warning that earnings will fall short of expectations. Mako Surgical (Nasdaq: MAKO) cut its full year revenue guidance due to lower than expected sales of its RIO surgical robot system. Mattson Techology (Nasdaq: MTSN) lowered its second quarter sales and earnings outlook. In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 806.