Opening Bell Report

The markets opened higher, but investors remained wary about rising oil prices and the ongoing credit crunch. The Dow rose 46 points to 13,589 while Nasdaq added 9 points to 2807.

On the upside

Shares of Archer Daniels Midland (NYSE: ADM) rose after the agribusiness giant posted higher profits.

Solar cell maker First Solar (Nasdaq: FSLR) signed a supply agreement expected to generate about $1 billion in sales.

Nortal Networks (NYSE: NT) returned to profitability as the Canadaian telecom equipment maker boosted margins against lower revenues.

On the downside

Molson Coors Brewing (NYSE: TAP) posted lower profits for the 3rd quarter due to costs associated with a brewery closure and weak sales in Britain.

Hong Kong investors snapped up shares of which tripled in value on its first day of trading. The e-commerce portal is 39% owned by Yahoo (Nasdaq: YHOO).

Sun Microsystems (Nasdaq: JAVA) posted a small profit mostly due to cost-cutting measures. However, revenue results missed targets.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 790.

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