An increase in manufacturing activity lifted the markets to a higher open with the Dow gaining 61 points to 14,959. Nasdaq climbed 37 points to 3637.
On the upside
SunEdison (NYSE: SUNE) announced plans to spinoff its semiconductor business into a separate publicly traded company called SunEdison Semiconductor.
Second quarter earnings and revenue fell for GameStop (NYSE: GME) but the results were better than expected and the company lifted its full year guidance.
The Hain Celestial Group (Nasdaq: HAIN) reported higher fourth quarter earnings and revenue that surpassed analyst expectations and forecast 2014 results above analyst estimates.
On the downside
Hewlett-Packard (NYSE: HPQ) reversed year ago losses to post a profit for the third quarter but revenue fell and the results missed expectations.
Abercrombie & Fitch (NYSE: ANF) disappointed with lower second quarter earnings and revenue that fell short of analyst expectations and forecast current quarter results well below estimates.
Sears Holding (Nasdaq: SHLD) widened second quarter losses as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 12 points to 1655.