On the upside
Wells Fargo (NYSE: WFC) posted higher 3rd quarter profits which offset rising loan losses.
Continental Airlines (NYSE: CAL) trimmed its losses in the 3rd quarter even as revenues fell sharply due to reduced business travel. Expenses were contained by lower oil prices.
Shares of Yahoo (Nasdaq: YHOO) surged higher after the Internet portal and search engine company posted higher earnings on lower revenues.
On the downside
Boeing (NYSE: BA) posted a $1.6 billion loss due to delays in shipping its 787 and updated 747 passenger airplanes.
Drugmaker Eli Lilly & Co. (NYSE: LLY) posted higher earnings and raises its profit outlook for the 2nd time this year. However, investors worried about slowing sales.
Knight Capital (Nasdaq: NITE) posted higher revenues a 3rd quarter profit that missed estimates. Transactions costs trimmed margins for the electronic trading services provider.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 617.
