October 09, 2012 at 10:43 AM EDT
Lower Open Ahead Of Earnings
The opened lower with the Dow slipping 4 points to 13,578 ahead of corporate earnings reports. Nasdaq fell 23 points to 3088.
On the upside
Merrill Lynch analyst Denise Chai upgraded RadioShack (NYSE: RSH) to a Buy rating and lifted her price target from $2.00 to $2.50.
Jefferies upgraded Questcor Pharmaceuticals (Nasdaq: QCOR) to a Buy rating and raised its price target to $28 from $24.
Shares of coal producer Alpha Natural Resources (NYSE: ANR) rose again after Mitt Romney vowed to increase coal production in the presidential debate last week.
On the downside
Edwards Lifesciences (NYSE: EW) warned that third quarter revenue will fall short of expectations.
Probability will develop mobile slot games using Glu Mobile (Nasdaq: GLUU) games but the stock price fell.
Owens Corning (NYSE: OC) cut its fiscal 2012 roofing unit revenue.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by more than 9 to 7 on Nasdaq.
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