The markets closed mixed over mixed earnings news with the Dow slipping 12 points to 11,113 while Nasdaq added 4 points to 2507.
On the upside
Third quarter earnings surged for Imax (Nasdaq: IMAX) to surpass analyst expectations as the company added new theaters.
Eastman Kodak (NYSE: EK) narrowed third quarter losses more than expected as inkjet printer sales climbed while expenses fell.
While LSI (NYSE: LSI) reported lower third quarter earnings, the results topped estimates and gross margins rose.
On the downside
PMI Group (NYSE: PMI) widened third quarter losses more than expected due to a deferred tax assets charge.
The presidential commission investigating the BP oil spill obtained reports from Halliburton (NYSE: HAL) that the cement mixture used just before the explosion was unstable.
Teradyne (NYSE: TER) reported sharply higher third quarter earnings but the test equipment maker forecast fourth quarter results below expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 701.
