Mid-Morning Market Update: Markets Mostly Lower; Texas Instruments Narrows Q3 Forecast

Following the

Wednesday, the Dow traded up 0.32 percent to 15,239.29 while the NASDAQ declined 0.36 percent to 3,715.56. The S&P also fell, dropping 0.14 percent to 1,681.71.

Texas Instruments

narrowed its third-quarter forecast. Texas Instruments expects Q3 earnings of $0.51 to $0.55 per share on revenue of $3.15 billion to $3.29 billion. Analysts were expecting earnings of $0.53 per share on sales of $3.23 billion. In July, the company had expected sales of $3.09 billion to $3.35 billion.

Xoom

shot up 5.77 percent to $32.45 after the company priced its

of 4,403,270 shares of its common stock at a price of $30.50 per share. Shares of Polycom

got a boost, shooting up 6.63 percent to $10.61 after the company announced the

of its common stock. SYNNEX

was also up, gaining 18.05 percent to $56.63 after the company announced its plans to

for $505 million.

Shares of Restoration Hardware Holdings

were down 4.55 percent to $72.60 on Q2 results. Apple

shares tumbled 4.87 percent to $470.53 as the company

yesterday. Analysts at Bank of America downgraded the stock from Buy to Neutral. SunEdison

was down, falling 3.53 percent to $8.06. SunEdison announced the proposed public offering of 30 million shares of common stock.

In commodity news,

to $107.55, while gold traded down 0.10 percent to $1,362.70. Silver traded up 0.43 percent Wednesday to $23.12, while copper rose 0.51 percent to $3.28.

European shares

today. The Spanish Ibex Index surged 0.79 percent, while Italy's FTSE MIB Index rose 1.37 percent. Meanwhile, the German DAX gained 0.55 percent and the French CAC 40 declined 0.13 percent while U.K. shares fell 0.10 percent.

The MBA's index of mortgage application activity dropped 13.5% last week from the previous week. US wholesale inventories increased 0.1% in July, while wholesale sales rose 0.1%. The Treasury is set to auction 10-year notes.