Bargain hunters lifted the markets modestly higher with the Dow rising 17 points to 16,447. Nasdaq added 4 points to 4357.
On the upside
Eagle Bulk Shipping (Nasdaq: EGLE) filed for Chapter 11 bankruptcy.
WPX Energy (NYSE: WPX) fell to a loss for the second quarter but oil production surged.
Enphase Energy (Nasdaq: ENPH) narrowed losses for the second quarter as revenue soared.
On the downside
Sprint (NYSE: S) replaced chief executive Dan Hesse with Marcelo Claure after ending its bid for T-Mobile.
Walgreen (NYSE: WAG) will buy the remaining 55% stake in Alliance Boots that it does not already own, cut its full year earnings outlook and abandoned plans to reorganize overseas in order to avoid domestic taxes.
Groupon (Nasdaq: GRPN) widened second quarter losses and forecast current quarter earnings below analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 held steady at 1920. Bitcoin held steady at $579.
