The markets traded mixed during the midday with the Dow losing 24 points to 17,089 after the International Monetary Fund lowered its growth forecast for the U. S. economy to 1.7% from 2.0%. Nasdaq rose 12 points to 4,468.
On the upside
NQ Mobile (NYSE: NQ) partnered with A Wireless to offer security solutions for iOS and Android devices.
Repsol approached Talisman Energy (NYSE: TLM) to explore possible bid for the company.
Hawaiian Holdings (Nasdaq: HA) reported sharply higher second quarter earnings that more than doubled to top analyst estimates as revenue rose.
On the downside
Jakks Pacific (Nasdaq: JAKK) narrowed losses for the second quarter but the results fell short of expectations.
Shares of Medical Transcription Billing (Nasdaq: MTBC) fell on its first trading day.
Tupperware Brands (NYSE: TUP) disappointed with lower second quarter earnings as sales slipped prompting the company to cut its full year earnings outlook.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 rose 3 points to 1986. Bitcoin added a point to $619.
