Mixed open as consumer confidence falls

The markets opened mixed with the Dow rising 26 points to 17,467 as consumer confidence fell in July. Nasdaq slipped 8 points to 5,031.

On the upside

SuperValu (NYSE: SVU) reported higher first quarter earnings and revenue and is exploring the possibility of separating Save-A-Lot into an independent company.

Cadence Design Systems (Nasdaq: CDNS) reported sharply higher second quarter earnings that topped analyst expectations.

AK Steel Holding (NYSE: AKS) reported a smaller than expected loss for the second quarter.

On the downside

Second quarter earnings for Baidu (Nasdaq: BIDU) fell short of analyst expectations prompting downgrades.

Amkor Technology (Nasdaq: AMKR) disappointed with lower second quarter earnings and revenue that fell short of expectations.

CommVault Systems (Nasdaq: CVLT) fell to a greater than expected loss for the first quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The broader S&P 500 rose 3 points to 2070. Bitcoin slipped $2 to $289.