Mixed earnings weighs down markets

Mixed corporate earnings news weighed the markets down during the midday with the Dow slipping 9 points to 16,995. Nasdaq fell 23 points to 4,540.

On the upside

Shares of Shell Midstream Partners (NYSE: SHLX) surged on its first trading day.

ACCO Brands (NYSE: ACCO) reported higher third quarter earnings that surpassed analyst expectations prompting the company to lift its full year guidance.

Third quarter earnings fell for MCG Capital (Nasdaq: MCGC) but the company announced plans to repurchase up to $75 million of its common stock.

On the downside

Applied Micro Circuits (Nasdaq: AMCC) narrowed losses for the second quarter but the results fell short of analyst expectations.

An Orbital Sciences (NYSE: ORB) Antares rocket exploded after lifting off last night in Virginia.

Wabash National (NYSE: WNC) reported higher third quarter earnings and revenue but the results missed estimates.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 eased a point to 1983. Bitcoin lost 13 points to $338.
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