The markets recovered during the midday with the Dow climbing 68 points to 17,471 even as crude oil prices retreated. Nasdaq gained 23 points to 5,068.
On the upside
SunEdison (NYSE: SUNE) will jointly develop with Dominion (NYSE: D) a 420 megawatt Four Brothers solar project in Utah.
Fourth quarter earnings and revenue rose for Cisco Systems (Nasdaq: CSCO) to top analyst expectations.
Bernstein upgraded Yahoo (Nasdaq: YHOO) from a Market Perform rating to an Outperform rating.
On the downside
Itau Unibanco Holding (NYSE: ITUB) disappointed with lower second quarter earnings and revenue.
Retreating crude oil prices weighed down shares of Petrobras (NYSE: PBR).
Shares of Chesapeake Energy (NYSE: CHK) extended its losses.
In the broad market, declining issues barely edged out advancers by a slim margin of nearly 10 to 9 on the NYSE while advancers outpaced decliners by nearly 7 to 5 on Nasdaq. The broader S&P 500 rose 6 points to 2,092. Bitcoin slipped $2 to $263.
