The markets traded lower during the midday with the Dow falling 17 points to 10,520 over an unexpected drop in durable goods orders. Nasdaq lost 13 points to 2275.
On the upside
Silicon Image (Nasdaq: SIMG) reported an unexpected profit for the second quarter as revenue climbed and forecast third quarter revenue ahead of expectations.
CB Richard Ellis Group (NYSE: CBG) reversed year ago losse to post a better than expected profit for the second quarter.
Affymetrix (Nasdaq: AFFX) will develop and market the Axiom Chinese myDesign Genotyping Array designed specifically for Chinese populations.
On the downside
FormFactor (Nasdaq: FORM) narrowed second quarter losses but the stock price fell.
Eastman Kodak (NYSE: EK) disappointed with a larger than expected loss for the second quarter.
Websense (Nasdaq: WNSN) disappointed with lower second quarter earnings and forecast third quarter revenue below analyst estimates.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 655.
