The markets opened higher with the Dow rising 33 points to 21,863 on upbeat earnings. Nasdaq gained 20 points to 6,394.
On the upside
Sohu.com (Nasdaq: SOHU) reported higher second quarter revenue that beat expectations.
Charter Communications (Nasdaq: CHTR) said that it was not interested in buying Sprint (NYSE: S).
Cliffs Natural Resources (NYSE: CLF) will offer $575 million in senior guaranteed notes.
On the downside
Barclays downgraded Hertz Global (NYSE: HTZ) from an Equal Weight rating to an Underweight rating.
Credit Suisse analyst Anita Soni downgraded Eldorado Gold (NYSE: EGO) from a Neutral rating to an Underperform rating and cut the price target from $3.25 to $2.40.
Clovis Oncology (Nasdaq: CLVS) entered a clinical collaboration agreement with Bristol-Myers Squibb (NYSE: BMY) but Clovis' stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 3 points to 2,475. Bitcoin gained $17 to $2657.
