The markets tumbled to close sharply lower with the Dow plummeting 128 points to 13,344 over corporate earnings concerns. Nasdaq dropped 13 points to 3051. On the upside
Barnes & Noble (NYSE: BKS) chief executive William Lynch said that preorders for the new Nook HD and HD+ reached record levels. Shares of Lloyds Banking Group (NYSE: LYG) rose after the Financial Services Authority relaxed capital rules for banks. Edwards Lifesciences (NYSE: EW) completed its $42 million acquisition of blood circulation monitoring company Bmeye. On the downside Valero Energy (NYSE: VLO) director Marbut Bob sold shares of company stock. Meritor (NYSE: MTOR) will release fourth quarter and full year earnings on Wednesday, November 14, 2012. Cell Therapeutics (Nasdaq: CTIC) continued falling after announcing a public offering of $60 million in convertible preferred stock last week. In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 826.