Spending Rises But Income Falls, Markets Close Mixed

Consumer spending increased in September but income after taxes and inflation fell. The markets closed mixed with the Dow gaining 22 points to 12,231 while Nasdaq eased a point to 2737.

On the upside

Align Technology (Nasdaq: ALGN) reported higher third quarter earnings that beat analyst expectations and forecast fourth quarter results ahead of estimates.


Third quarter earnings for Arch Coal (NYSE: ACI) tumbled but revenue climbed and the company affirmed its full year guidance.


CBRE Group (NYSE: CBG) reported higher third quarter earnings as revenue climbed.

On the downside


NuVasive (Nasdaq: NUVA) swung to a loss for the third quarter and warned of losses for the full year.

Old Republic (NYSE: ORI) widened third quarter losses.

Apartment Investment and Management (NYSE: AIV) reported a loss for the third quarter as the average daily occupancy rate slipped.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap lost 4 points to 761.

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