U. S. factory orders rose more than expected but the markets opened lower with the Dow losing 28 points to 16,541 over concerns that the Chinese economy was slowing. Nasdaq slipped 7 points to 4376.
On the upside
GT Advanced Technologies (Nasdaq: GTAT) fell to a greater than expected loss for the second quarter but the company lifted the low end of its full year earnings guidance.
Chegg (NYSE: CHGG) narrowed losses more than expected on a per share basis for the second quarter.
Mueller Water Products (NYSE: MWA) reported higher third quarter earnings and revenue prompting an upgrade.
On the downside
RetailMeNot (Nasdaq: SALE) reported lower second quarter earnings even as revenue rose.
Bloomin' Brands (Nasdaq: BLMN) disappointed with sharply lower second quarter earnings and cut its full year earnings outlook.
ChannelAdvisor (NYSE: ECOM) widened losses for the second quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 lost 3 points to 1934. Bitcoin slipped $4 to $579.