Markets flat as new home sales tumble

The markets traded flat during the midday with the Dow adding 3 points to 17,090 as sales of new homes tumbled 8.1% in June. Nasdaq lost 4 points to 4,469.

On the upside

Bloomberg reported that SodaStream International (Nasdaq: SODA) may be taken private in a deal valued at approximately $828 million.

Shares of Intersect ENT (Nasdaq: XENT) soared on its first trading day.

Second quarter earnings surged threefold for VASCO Data Security International (Nasdaq: VDSI) to beat analyst expectations.

On the downside

Liberty Media (Nasdaq: LMCA) adjusted the conversion rate of its 1.375% Cash Convertible Senior Notes due 2023.

DR Horton (NYSE: DHI) disappointed with lower third quarter earnings even as revenue rose.

Domtar (NYSE: UFS) reversed year ago losses to post a profit for the second quarter but the results fell far short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1988. Bitcoin fell $21 to $595.

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