The markets opened flat with the Dow edging up a fraction to 21,641 as corporate earnings disappointed. Nasdaq gained 11 points to 6,396.
On the upside
Sears Holdings (Nasdaq: SHLD) will sell its Kenmore appliances on Amazon (Nasdaq: AMZN).
Second quarter revenue for Sarepta Therapeutics (Nasdaq: SRPT) exceeded expectations by a wide margin prompting the biopharmaceutical to lift its full year forecast.
Kinder Morgan (NYSE: KMI) will increase its dividend beginning next year and announced a $2 billion stock repurchase plan.
On the downside
Inovio Pharmaceuticals (Nasdaq: INO) priced its public offering of 12.5 million common shares at the discounted price of $6.00 per share.
PTC (Nasdaq: PTC) reported higher third quarter results but the company forecast current quarter revenue below expectations.
C.H. Robinson Worldwide (Nasdaq: CHRW) disappointed with second quarter earnings that fell far short of analyst estimates.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by more than 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,475. Bitcoin surged $269 to $2524.
