Qualcomm Slides on Disappointing Guidance; Stocks Narrowly Mixed

Qualcomm (QCOM) fell Thursday after posting light guidance. The chipmaker expects fourth-quarter profit as high as 95 cents a share. That came in below estimates of $1.08 a share. It's one of the busiest days on the earnings calendar and stocks were narrowly mixed as investors digested all the numbers. The Nasdaq was the best performer as tech stocks rebounded following Wednesday's Apple-led selloff. Under Armour (UA) jumped after reporting strong growth across its segments in the second quarter. Total sales climbed just under 30% on double-digit growth in apparel and footwear revenue. In deals news, a much-anticipated deal between Cigna (CI) and Anthem (ANTM) is reportedly close to being announcing. Anthem will likely buy the health insurance company for more than $40 billion.