Closing Bell Report
The markets narrowed earlier losses with a late afternoon rally but still closed lower with the Dow slipping a point to 13,675. Nasdaq dropped 25 points to 2775.

On the upside

Third quarter earnings nearly doubled for Phase Forward (Nasdaq: PFWD) prompting the company to lift its full year outlook.

Carter (NYSE: CRI) reported higher third quarter earnings that beat expectations.

The Ports Association of Louisiana hired Shaw Group (NYSE: SGR) to study the state's ports for a possible expansion project.

On the downside

Anadigics (Nasdaq: ANAD) disappointed with third quarter results that fell short of estimates.

Analysts downgraded Broadcom (Nasdaq: BRCM) for merely meeting expectations rather than surpassing them.

Strong demand for liquid crystal display glass boosted third quarter earnings for Corning (NYSE: GLW) but the company warned that fourth quarter results will fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 8 points to 811.

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