Mixed Open Over Earnings

The markets opened mixed with the Dow slipping 23 points to 15,348 while Nasdaq climbed 31 points to 3894 as investors monitored earnings.

On the upside

Zhone Technologies (Nasdaq: ZHNE) reversed year ago losses to post a profit for the third quarter and the company expects record results for the full year.

Align Technology (Nasdaq: ALGN) swung to a better than expected profit for the third quarter as revenue climbed and the company forecast current quarter results ahead of estimates.

Shares of ParkerVision (Nasdaq: PRKR) continued rising.


On the downside


Ariad Pharmaceuticals (Nasdaq: ARIA) terminated its Phase 3 EPIC trial of its chronic myeloid leukemia drug Iclusig.

Bank of America/Merrill Lynch downgraded Advanced Micro Devices (NYSE: AMD) from a Buy rating to a Neutral rating.

TheStreet wrote that the Lambert-Eaton Myasthenic Syndrome treatment that Catalyst Pharmaceuticals (Nasdaq: CPRX) is developing is already available for free to patients.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 5 points to 1738.

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