The markets opened mixed with the Dow gaining 37 points to 17,042 while Nasdaq lost 15 points to 4,548 as investors awaited a statement from the Federal Reserve.
On the upside
Fiat Chrysler Automotive (NYSE: FCAU) will spin off Ferrari into a separate publicly traded company and will issue a convertible bond for $2.5 billion.
Goodyear Tire & Rubber (Nasdaq: GT) reported lower third quarter earnings but the results were better than expected.
Newfield Exploration (NYSE: NFX) reported sharply higher third quarter earnings as revenue climbed.
On the downside
American Realty Capital Properties (Nasdaq: ARCP) overstated its adjusted funds from operations in its financial reports from March 31, 2014 and June 30, 2014.
InvenSense (NYSE: INVN) fell to an unexpected loss for the second quarter even as revenue rose.
Xoom (Nasdaq: XOOM) reported sharply lower third quarter earnings even as revenue rose.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 3 points to 1988. Bitcoin lost 12 points to $339.
Mixed open ahead of Fed statement
October 29, 2014 at 10:43 AM EDT