Mixed Markets Over Earnings
The markets traded mixed during the midday with the Dow losing 12 points to 13,539 over mixed corporate earnings. Nasdaq rose 7 points to 3108.
On the upside
A greater than expected 15% surge in September housing starts lifted shares of Hovnanian Enterprises (NYSE: HOV), PulteGroup (NYSE: PHM) and Beazer Homes (NYSE: BZH).
Dean Foods' (NYSE: DF) WhiteWave Foods unit priced its initial public offering to raise up to $320 million.
Shares of mortgage insurer MGIC Investment (NYSE: MTG) climbed on news that housing starts soared last month.
On the downside
IBM (NYSE: IBM) reported flat third quarter earnings and lower revenue that fell short of analyst expectations.
Apollo Group (NYSE: ABT) reported higher third quarter earnings but revenue slipped to fall short of expectations.
Third quarter earnings rose for Textron (NYSE: TXT) but the results missed analyst estimates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 842.
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