Optimism that the Fed will lower interest rates next month lifted the Dow 60 points to close at 13,372. Nasdaq fell 7 points to 2661.
On the upside
SeaChange International (Nasdaq: SEAC) reversed year ago losses to post a third quarter profit as revenue rose to surpass expectations.
Shares of homebuilder D. R. Horton (NYSE: DHI) rose as the government nears an agreement with bankers to freeze the interest rate of subprime loans for up to seven years.
On the downside
Lululemon Athletica (Nasdaq: LULU) reported third quarter earnings that more than tripled as sales soared but the stock price fell.
Moody's Investor Service cited Global Cash Access' (NYSE: GCA) third quarter earnings delay for placing the company on review.
A Motley Fool article questioning Sirtiris Pharmaceuticals' (Nasdaq: SIRT) high valuation sent the stock price tumbling.
In the broad market, advanicng issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 768.