Markets Mixed As Consumer Confidence Falls
Tuesday July 27, 2010 - 14:11 PM EDT
The markets traded mixed during the midday with the Dow rising 22 points to 10,548 while Nasdaq lost 8 points to 2287 as consumer confidence fell more than expected.

The markets traded mixed during the midday with the Dow rising 22 points to 10,548 while Nasdaq lost 8 points to 2287 as consumer confidence fell more than expected.

On the upside

Lexmark International (NYSE: LXK) impressed with second quarter earnings that surged more than five times to surpass analyst estimates by a wide margin.

UBS (NYSE: UBS) reversed year ago losses to post a better than expected profit for the second quarter.

Ultra Clean (Nasdaq: UCTT) swung to a profit for the second quarter as revenue more than tripled.

On the downside

Second quarter earnings for Volterra Semiconductor (Nasdaq: VLTR) surged but the stock price tumbled.

Sanmina (Nasdaq: SANM) reversed year ago losses to post a third quarter profit but the results fell short of expectations.

Second quarter earnings for Masco (NYSE: MAS) topped estimates but the company warned of a challenging second half of the year.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 660.

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