The markets opened lower with the Dow losing 31 points to 17,583 despite a gain in wholesale inventories. Nasdaq eased a fraction to 4,659.
On the upside
BB&T will pay a premium of approximately $2.5 billion in cash and stock to purchase Susquehanna Bancshares (Nasdaq: SUSQ).
Fossil Group (Nasdaq: FOSL) reported higher third quarter earnings and revenue that surpassed analyst expectations.
American Eagle Outfitters (NYSE: AEO) lifted its third quarter earnings outlook.
On the downside
Plug Power (Nasdaq: PLUG) narrowed losses for the third quarter as revenue rose but the results fell short of analyst expectations.
SeaWorld Entertainment (NYSE: SEAS) disappointed with lower third quarter earnings that missed estimates.
Altisource Portfolio Solutions (Nasdaq: ASPS) will discontinue its lender placed insurance program.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 2036. Bitcoin climbed $31 to $397.
Lower open even a wholesale inventories rise
November 12, 2014 at 09:43 AM EST