The markets opened flat with the Dow adding 7 points to 15,119 as July housing starts climbed less than expected. Nasdaq rose 8 points to 3613.
On the upside
Goldman Sachs upgraded Pandora Media (NYSE: P) from a Neutral rating to a Buy rating.
Bargain hunters lifted shares of Millenial Media (NYSE: MM).
On the downside
First Marblehead (NYSE: FMD) widened fourth quarter losses as revenue fell.
Pixelworks (Nasdaq: PXLW) will sell 2.63 million shares of common stock at the discounted price of $3.50.
Shares of InterOil (NYSE: IOC) continued falling.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1661.