The markets opened mixed with the Dow climbing 92 points to 17,066 while Nasdaq lost 16 points to 4,532 as the nation's gross domestic product expanded at a 3.5% rate in the third quarter. The pace was lower than the 4.6% growth rate in the second quarter.
On the upside
Alcatel-Lucent (NYSE: ALU) narrowed losses for the third quarter.
The Patent and Trademark Office granted two patents to Clean Diesel Technologies (Nasdaq: CDTI) for the company's Spinel(TM) clean emissions exhaust technology that would be significantly cheaper than current technology.
Lakeland Industries (Nasdaq: LAKE) increased production of its ChemMAX and MicroMAX protective suits and will continue to add production capacity.
On the downside
Glu Mobile (Nasdaq: GLUU) swung to a profit for the third quarter but the company forecast current quarter results below estimates.
Ceragon Networks (Nasdaq: CRNT) reported a greater than expected loss for the third quarter.
Pacira Pharmaceuticals (Nasdaq: PCRX) reported a loss for the third quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 1980. Bitcoin slipped $2 to $334.
Mixed open over GDP
October 30, 2014 at 10:43 AM EDT