Mixed open as IBM disappoints

The markets opened mixed with the Dow losing 35 points to 16,344 while Nasdaq gained 27 points to 4,285 as IBM disappointed.

On the upside

SinoCoking Coal and Coke Chemical Industries (Nasdaq: SCOK) announced that its aboveground facility in Henan Province that converts carbon dioxide into clean-burning syngas began operations.

NewLink Genetics (Nasdaq: NLNK) entered a $1 billion license deal with Genentech to develop the IDO pathway inhibitor NLG919.

Mitel Networks offered a premium of approximately $540 million in cash to acquire ShoreTel (Nasdaq: SHOR).

On the downside

NCR (NYSE: NCR) warned that third quarter earnings and revenue would fall short of previous guidance and lowered its full year forecast.

International Business Machines (NYSE: IBM) disappointed with lower third quarter earnings and revenue that fell short of analyst expectations.

Profit taking continued to sink Lakeland Industries (Nasdaq: LAKE).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 rose 5 points to 1892. Bitcoin slipped $2 to $382.