It was a flat close for the markets with the Dow easing a point to 10,465 as the nation's economy expanded at a slower than expected pace during the second quarter. Nasdaq added 3 points to 2254.

On the upside

Sierra Wireless (Nasdaq: SWIR) reported a narrower than expected loss for the second quarter due to record revenue.

Chiquita Brands (NYSE: CQB) impressed with higher second quarter earnings that topped analyst expectations.

Second quarter earnings for McAfee (NYSE: MFE) rose to beat expectations as revenue increased.

On the downside

TeleCommunication Systems (Nasdaq: TSYS) disappointed with sharply lower second quarter earnings despite record revenue prompting a downgrade.

Despite a surge in second quarter earnings for Thoratec (Nasdaq: THOR), the medical device maker forecast full year results below expectations.

Belo (NYSE: BLC) reported second quarter earnings that nearly doubled but revenue fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 650.