The markets opened higher with the Dow climbing 92 points to 11,200 over strong corporate earnings. Nasdaq gained 21 points to 2479.
On the upside
EBay (Nasdaq: EBAY) reported higher third quarter earnings that topped analyst estimates and forecast current quarter results ahead of expectations.
Third quarter earnings climbed for Netflix (Nasdaq: NFLX) as the online movie rental company added more subscribers prompting upgrades.
Nokia (NYSE: NOK) reversed year ago losses to post a profit for the third quarter that surpassed analyst estimates by a wide margin.
On the downside
Second quarter earnings surged for Cirrus Logic (Nasdaq: CRUS) as revenue climbed but the results fell short of expectations.
The Children's Place (Nasdaq: PLCE) blamed weak sales for lowering its third quarter guidance.
Fidelity National Financial (NYSE: FNF) chief executive Alan L. Stinson resigned.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 707.
