On the upside
Analysts expect Nokia (NYSE: NOK) to widen losses for the third quarter when the cellphone maker reports earnings on Thursday but the launch of Windows 8 devices next week should increase its market share.
Citigroup upgraded Fossil (Nasdaq: FOSL) to a Buy rating.
On the downside
Government Properties Income Trust (NYSE: GOV) priced its public offering of 7.5 million common shares at the discounted price of $23.25 per share.
PNC Financial Services Group (NYSE: PNC) reported higher third quarter earnings but the results fell short of analyst expectations.
Costamare (NYSE: CMRE) priced its public offering of 7 million common shares at the discounted price of $14 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 833.