Opening Bell Report
The markets opened lower as orders for durable goods fell unexpectedly in September as investors worried about the overall economy. The Dow fell 35 points to 13,639 while Nasdaq dropped 11 points to 2763.


On the upside

Motorola (NYSE: MOT) posted sharply lower earnings, but boosted its outlook for the 4th quarter.

Insurance bellwether Aetna (NYSE: AET) posted higher profits that beat expectations due to lower costs and growing membership.

VMWare (NYSE: VMW) posted profits that beat estimates as the virtualization software company nearly doubled its revenues versus the year-ago quarter.

On the downside

Comcast (Nasdaq: CMCSA) posted higher revenues, but profits fell due to slower customer growth and competition from phone and satellite TV services.

Symantec (Nasdaq: SYMC) posted higher revenues and profits that beat estimates, but analysts were dismayed by the security software maker's guidance for the 3rd quarter.

Investors sold off on shares of Celgene (Nasdaq: CELG) after the biotechnology company lowered its 2007 revenue outlook while maintaining its profit targets.

In the broad market, advancing issues outpaced decliners by a slim margin on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 810.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here