The markets traded mixed during the midday as upbeat earnings tempered disappointing growth of the nation’s economy. The Dow slipped 16 points to 17,734 while Nasdaq rose 18 points to 5,129.
On the upside
The first U.S. service station began selling gasoline blended with Gevo’s (Nasdaq: GEVO) renewable isobutanol.
Nutrisystem (Nasdaq: NTRI) reported higher second quarter earnings and revenue that beat expectations and forecast current quarter as well as full year results ahead of estimates.
Second quarter earnings slipped for Ruckus Wireless (NYSE: RKUS) but revenue rose to surpass expectations.
On the downside
Linn (Nasdaq: LNCO) suspended its monthly cash dividend prompting a downgrade.
Qorvo (Nasdaq: QRVO) reported sharply lower first quarter earnings and forecast current quarter results that fell short of expectations.
Cimpress (Nasdaq: CMPR) fell to a loss for the fourth quarter and will no longer provide annual guidance for earnings and revenue.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped a point to 2106. Bitcoin eased $1 to $286.
