Opening Bell Report
The markets opened higher as analysts mulled over the possibility of another interest rate hike ahead of this week's Federal Reserve meeting. The Dow climbed 55 points to 13,861 while Nasdaq surged 17 points to 2821.


On the upside

Verizon Communications (NYSE: VZ) posted lower profits due to a tax charge, but revenues grew on an increase of cellphone accounts.

BEA System (Nasdaq: BEAS) refuted criticism about the way that it is handling the sale of the company after it rejected a $17 a share bid from Oracle (Nasdaq: ORCL) as too low.

Electronics retailer Radio Shack (NYSE: RSH) posted a 3rd quarter profit versus year-ago losses as product margins improved.

On the downside

Life Time Fitness (NYSE: LTM) shares were downgraded by an analyst on competitive concerns and the effect of slowing consumer spending on the fitness center operator.

Countrywide Financial (NYSE: CFC) pulled back from Friday's record rally as an analyst downgraded the stock due to persistent doubts about the housing market's imminent recovery.

Shares of chipmaker Nvidia (Nasdaq: NVDA) was downgraded by an analyst who worried about the chipmaker's longer term outlook due to product offerings from competitors.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by a margin of 4 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 825.

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