The markets advanced during the midday with the Dow gaining 18 points to 16,448 even as global markets fell. Nasdaq rose 9 points to 4362.

On the upside 

21st Century Fox (Nasdaq: FOXA) withdrew its $75 billion offer to acquire Time Warner (NYSE: TWX).

ARC Document Solutions (NYSE: ARC) reported sharply higher second quarter earnings that more than doubled.

Second quarter earnings slipped for Caesarstone (Nasdaq: CSTE) but the results were better than expected.

On the downside 

Rocket Fuel (Nasdaq: FUEL) widened losses for the second quarter and forecast current quarter revenue below expectations prompting a downgrade. 

Nu Skin Enterprises (NYSE: NUS) disappointed with sharply lower second quarter earnings that missed analyst expectations as revenue fell and announced that it must restate first quarter results. 

Cognizant Technology Solutions (Nasdaq: CTSH) reported higher second quarter earnings and revenue but the company forecast current quarter revenue below expectations.

In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added a point to 1921. Bitcoin rose $5 to $583.