Market Overview

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Following the winter chill, the housing market had been undergoing a steady recovery. However, recently released data suggests that home buyers seem to be wary of making purchases at the moment. The latest of these negative reports reveals that pending home sales declined in June after three consecutive months of solid growth.

Arch Coal Inc. (NYSE: ACI) reported second-quarter 2014 adjusted loss of 46 cents per share, narrower than the Zacks Consensus Estimate of a loss of 48 cents but much wider than the year-ago loss of 29 cents per share.

Shares of Yelp (NYSE: YELP) spiked up three percent after-hours following the release of its second quarter earnings report just after Wednesday's closing bell.

Despite beating the consensus estimates in its second quarter and hitting an all-time high on Tuesday, shares of Buffalo Wild Wings (NASDAQ: BWLD) closed down more than 13 percent Wednesday.

ETFs are leading the revolution in offering investors new ways to access capital markets through unique indexes and low-cost strategies.  This year alone there have been over 100 new ETFs brought to market that are continuing to fuel the trend of investors eschewing mutual funds in favor of sleeker investment vehicles.        

Anadarko Petroleum (NYSE: APC) gapped higher into Wednesday's trading session, but after an impressive move investors were either indifferent or lost interest as the stock promptly gave back most its early morning gains.

Anadarko Petroleum beat consensus EPS estimates by $0.02 in the second quarter.

Endurance Specialty Holdings Ltd.
("Endurance") (NYSE: ENH) today announced that it has terminated its offer to
acquire Aspen Insurance Holdings Limited ("Aspen") (NYSE: AHL). In connection

C.H. Robinson Worldwide's (NASDAQ: CHRW) second-quarter earnings beat moved the transportation sector broadly higher Wednesday.

The sector has proven rocky recently, with the Dow Jones Transportation Index down in four of the past five trading days.

Automotive stocks took a hit in early trading on Wednesday.