Midday movers: Sourcefire, Altria, Travelers

Stocks are mixed, with the Dow the only major index able to hold onto its early session gains.

By MSN Money Partner Jul 23, 2013 1:59PM
Comstock, SuperStocklogoInformation provided by Theflyonthewall.com

Amid another flood of earnings reports were announcements from three Dow components: United Technologies (UTX), Travelers (TRV) and DuPont (DD). Of those, United paced the blue chip index with its 2.6% gain, while Travelers slipped 3.5% following its report.

Among some other notables reporting earnings last night or this morning, Texas Instruments (TXN), TD Ameritrade (AMTD) and Lockheed Martin (LMT) advanced, while Netflix (NFLX), Illinois Tool Works (ITW) and Altria Group (MO) declined. 

Among the notable gainers were two companies being acquired: Sourcefire (FIRE) advanced 28% after it agreed to sell itself to Cisco (CSCO) for $76 per share, or $2.7B, and CapitalSource (CSE) rose over 22% after agreeing to be acquired by PacWest Bancorp (PACW) in cash and stock deal valued at $2.3B. 

Among the noteworthy losers were a number of U.S. cigarette makers. In addition to Altria's report, the FDA stated earlier today that menthol in cigarettes appears to affect public health and shares of Lorillard (LO) and Reynolds American (RAI) both declined after the regulator indicated that it was starting the process of creating rules that would regulate the industry's use of menthol. 
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