The markets traded mixed during the midday with the Dow rising 22 points to 10,548 while Nasdaq lost 8 points to 2287 as consumer confidence fell more than expected.
On the upside
Lexmark International (NYSE: LXK) impressed with second quarter earnings that surged more than five times to surpass analyst estimates by a wide margin.
UBS (NYSE: UBS) reversed year ago losses to post a better than expected profit for the second quarter.
Ultra Clean (Nasdaq: UCTT) swung to a profit for the second quarter as revenue more than tripled.
On the downside
Second quarter earnings for Volterra Semiconductor (Nasdaq: VLTR) surged but the stock price tumbled.
Sanmina (Nasdaq: SANM) reversed year ago losses to post a third quarter profit but the results fell short of expectations.
Second quarter earnings for Masco (NYSE: MAS) topped estimates but the company warned of a challenging second half of the year.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 660.
