Flat Close Ahead Of Fed Meeting

The markets closed flat with the Dow edging down a point to 15,568 ahead of the Federal Reserve's two day meeting beginning tomorrow. Nasdaq slipped 3 points to 3940.

On the upside

A Seeking Alpha contributor expects Gluu Mobile's (Nasdaq: GLUU) new monetization strategy to succeed.

J. C. Penney (NYSE: JCP) affirmed its forecast for an increase in third quarter same store sales.

Shares of Dyax (Nasdaq: DYAX) extended its gains.


On the downside


NetEase (Nasdaq: NTES) will announce third quarter results on Wednesday, November 13, 2013 after market close.

Profit taking sank shares of JinkoSolar Holding (NYSE: JKS).

Shares of E-Commerce China Dangdan (NYSE: DANG) continued falling after warning last week of a third quarter revenue shortfall.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1762.

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