The markets opened lower with the Dow falling 39 points to 21,589 on disappointing earnings. Nasdaq dropped 10 points to 6,304.
On the upside
Netflix (Nasdaq: NFLX) added more new subscribers in the second quarter than expected and forecast stronger growth in the current quarter than analyst estimates.
Shares of Celadon Group (NYSE: CGI) extended its gains.
Bargain hunters lifted shares of Rite Aid (NYSE: RAD).
On the downside
Annaly Capital Management (NYSE: NLY) priced its public offering of 60 million common shares.
Harley-Davidson (NYSE: HOG) cut its shipment forecast for the full year.
Ericsson (Nasdaq: ERIC) fell to a greater than expected loss for the second quarter and warned of continued market weakness.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 4 points to 2,455. Bitcoin soared $171 to $2308.
