The markets closed modestly higher with the Dow adding 5 points to 11,169 despite a drop in home prices as consumer confidence rose in October. Nasdaq gained 6 points to 2497.
On the upside
The stock price of Chinese online retailer Mecox Lane (Nasdaq: MCOX) surged on its first day of trading.
Entegris (Nasdaq: ENTG) reversed year ago losses to post a better than expected profit for the third quarter and forecast fourth quarter results ahead of estimates.
Compellent Technologies (NYSE: CML) reported sharply higher third quarter earnings that surpassed analyst expectations by a wide margin.
On the downside
Third quarter earnings rose for Capella Education (Nasdaq: CPLA), but the for-profit educator forecast fourth quarter results below expectations and warned of slowing enrollment.
China Security & Surveillance Technology (NYSE: CSR) reported higher third quarter income but revenue fell short of estimates and the company trimmed its full year outlook.
Cabot Oil & Gas (NYSE: COG) disappointed with lower third quarter earnings despite higher revenue as expenses increased.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE while decliners barely edged out advancers on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 706.
