The markets opened mixed with the Dow rising 34 points to 15,580 while Nasdaq slipped 5 points to 3594 as earnings season continued.
On the upside
Cisco Systems (Nasdaq: CSCO) will pay a premium of approximately $2.7 billion to acquire Sourcefire (Nasdaq: FIRE).
CapitalSource (NYSE: CSE) reported lower second quarter earnings but loans increased.
MGIC Investment (NYSE: MTG) swung to a profit for the second quarter.
On the downside
Alaska Communications (Nasdaq: ALSK) completed the formation of The Alaska Wireless Network with General Communication (Nasdaq: GNCMA).
Penn National Gaming (Nasdaq: PENN) fell to an unexpected loss for the second quarter.
STMicroelectronics (NYSE: STM) widened second quarter losses as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index held steady at 1695.
