The markets closed flat with the Dow easing 3 points to 13,271 as investors awaited the release of Federal Reserve minutes tomorrow. Nasdaq edged down a fraction to 3076. On the upside
Shares of GameStop (NYSE: GME) continued rising after reporting better than expected second quarter earnings and raising its quarterly dividend last week. Analysts expect Qihoo (NYSE: QIHU) to forecast third quarter results ahead of expectations. Apple's (Nasdaq: AAPL) market capitalization surged to a record $623 million as investors eagerly anticipate the release of the iPhone 5. On the downside The lockup period for Yelp (NYSE: YELP) expires on August 29.Janney Montgomery Scott downgraded CapitalSource (NYSE: CSE) to a Neutral rating. A Texas judged issued a two week restraining order last week preventing Life Partners Holdings (Nasdaq: LPHI) from destroying records or dissipating assets. In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 816.