Flat Open As Consumer Prices Hold Steady
The markets opened flat with the Dow easing a fraction to 13,171 as consumer prices held steady in July. Nasdaq rose 5 points to 3022.
On the upside
JDS Uniphase (Nasdaq: JDSU) swung to a fourth quarter loss as revenue fell but the results were better than expected.
Nokia (NYSE: NOK) said that it will soon release a new phone that runs Microsoft's (Nasdaq: MSFT) Windows Phone 8.
Abercrombie & Fitch (NYSE: ANF) reported sharply lower second quarter earnings but the results topped analyst expectations.
On the downside
Second quarter earnings fell for Staples (Nasdaq: SPLS) to miss analyst expectations prompting the office supplies retailer to cut its outlook for the year. Deere & Co. (NYSE: DE) reported higher third quarter revenue and earnings but the results missed expectations by a wide margin and the farm equipment maker lowered its full year guidance.
Sterne Agee downgraded OCZ Technology (Nasdaq: OCZ) to a Neutral rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 800.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here