An increase in foreclosure activity during the summer quarter weighed the markets down to a lower open with the Dow losing 25 points to 11,100. Nasdaq fell 10 points to 2492.
On the upside
Las Vegas Sands (NYSE: LVS) reversed year ago losses to post a better than expected profit for the third quarter.
Third quarter earnings rose to top estimates for Motorola (NYSE: MOT) on strong smartphone sales.
Strong demand lifted second quarter earnings for Flextronics (Nasdaq: FLEX) to surpass analyst expectations.
On the downside
Oclaro (Nasdaq: OCLR) disappointed with sharply lower first quarter earnings that fell far short of analyst expectations and forecast second quarter revenue below estimates.
While third quarter earnings surged to beat analyst expectations for Sourcefire (Nasdaq: FIRE), the computer network security firm forecast fourth quarter results that fell far short of estimates.
Flagstar Bancorp (NYSE: FBC) narrowed third quarter losses but bank priced its offering of 110 million common shares at a sharp discount.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 703.
