New home sales rose in June to lift the markets to a higher open with the Dow climbing 77 points to 21,690. Nasdaq gained 13 points to 6,425.
On the upside
U.S. Steel (NYSE: X) reported second quarter earnings that surpassed analyst expectations by a wide margin.
iRobot (Nasdaq: IRBT) lifted its full year earnings outlook on strong Amazon Prime Day sales.
Tetraphase Pharmaceuticals (Nasdaq: TTPH) reported positive results from a Phase 3 clinical trial of eravacycline.
On the downside
Akamai Technologies (Nasdaq: AKAM) reported lower second quarter earnings and forecast current quarter results below expectations.
Wynn Resorts (Nasdaq: WYNN) reported a 9% drop to its walk-in business at Wynn Macau.
LSB Industries (NYSE: LXU) will no longer pursue a sale of the company.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 8 on the NYSE while advancers edged out decliners by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 2 points to 2,479. Bitcoin dropped $29 to $2526.
