Mixed Close As New Home Sales Drop
The markets closed mixed with the Dow rising 58 points to 12,676 while Nasdaq lost 8 points to 2854 as investors digested a sharp drop in new home sales.
On the upside
Thermo Fisher Scientific (NYSE: TMO) reported lower second quarter earnings but the results were better than expected.
Lumber Liquidators Holdings (NYSE: LL) reported higher second quarter earnings and revenue that surpassed analyst expectations.
Second quarter earnings and revenue climbed for SolarWinds (NYSE: SWI) to beat estimates.
On the downside
Corning (NYSE: GLW) reported lower second quarter earnings and revenue that missed analyst expectations.
USG (NYSE: USG) reported a larger than expected loss for the second quarter.
Shares of Peabody Energy (NYSE: BTU) continued falling after reporting lower second quarter earnings yesterday.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 769.
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