Higher Close As Durable Goods Orders Rise

The markets closed modestly higher with the Dow rising 13 points to 15,555 as durable goods orders rose. Nasdaq climbed 25 points to 3605.

On the upside

TriQuint Semiconductor (Nasdaq: TQNT) reported a smaller than expected loss for the second quarter as revenue rose.

ONEOK (NYSE: OKE) will spinoff its natural gas distribution business and announced plans to increase its quarterly dividend to 72 cents per unit payable on August 15, 2013 to unit holders of record August 5, 2013.

TripAdvisor (Nasdaq: TRIP) reported higher second quarter earnings and revenue that surpassed expectations.

On the downside

Aeterna Zentaris (Nasdaq: AEZS) will sell approximately 5.2 million common shares through a registered direct offering to raise approximately $7.8 million.

D.R. Horton (NYSE: DHI) reported sharply lower third quarter earnings.

Second quarter earnings fell for Cameron International (NYSE: CAM) even as revenue rose.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index rose 4 points to 1690.

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