The markets opened mixed with the Dow rising 28 points to 12,843 while Nasdaq lost 8 points to 2895 after crucial bailout funds for Greece was delayed for at least a week. On the upside
Michael Kors (NYSE: KORS) reported sharply higher second quarter earnings and revenue that surpassed analyst expectations and lifted its full year earnings outlook. Third quarter revenue and earnings rose for Home Depot (NYSE: HD) to top analyst estimates. Galena Biopharma (Nasdaq: GALE) reported a smaller than expected loss for the third quarter.On the downside Weatherford International (NYSE: WFT) reported lower third quarter earnings and forecast fourth quarter earnings below expectations. Tronox (NYSE: TROX) fell to a loss for the third quarter even as revenue rose. AK Steel (NYSE: AKS) warned that losses for the fourth quarter will widen more than expected. In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 793.