The markets opened flat with the Dow slipping 11 points to 18,892 as crude oil prices fell. Nasdaq eased a point 5,332.
On the upside
Marvell Technology Group (Nasdaq: MRVL) reversed year ago losses to post a stronger than expected profit for the third quarter, announced plans to repurchase up to $1 billion in company stock and declared a quarterly dividend.
Eyegate Pharmaceuticals (Nasdaq: EYEG) will pursue FDA approval of its EyeGate Ocular Bandage Gel through the De Novo 510(k) pathway.
Nuance Communications (Nasdaq: NUAN) swung to a greater than expected profit for the fourth quarter.
On the downside
Abercrombie & Fitch (NYSE: ANF) disappointed with sharply lower third quarter earnings as revenue and warned of a challenging holiday quarter.
The Gap (NYSE: GPS) reported lower third quarter earnings and revenue.
First NBC Bank (Nasdaq: FNBC) received a delisting notification from the Nasdaq Stock Market and entered Consent Order with the Federal Deposit Insurance Corporation and the Louisiana Office of Financial Institutions.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 slipped a point to 2,185. Bitcoin climbed $13 to $746.
