Flat Open As Job Growth Slows
The markets opened flat with the Dow adding a point to 13,293 while Nasdaq held steady at 3135 as job growth slowed in August.
On the upside
Smith & Wesson (Nasdaq: SWHC) reported sharply higher first quarter earnings that surpassed analyst expectations by a wide margin and raised its full year forecast.
Green Mountain Coffee Roasters (Nasdaq: GMCR) announced a line of Wellness Brewed drinks with antioxidants and vitamins.
Quicksilver (NYSE: ZQK) reported higher third quarter earnings that beat expectations.
On the downside
Pandora Media (NYSE: P) stock tumbled after the Wall Street Journal reported that Apple (Nasdaq: AAPL) was pursuing music licenses in order to create a radio service. Apple (Nasdaq: AAPL) may not use Audience (Nasdaq: ADNC) technology in its latest iPhone.
Resource Capital (NYSE: RSO) priced its public offering of 8.5 million common shares at the discounted price of $5.90 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 840.
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