Flat Open After Record Close Yesterday

The markets opened flat with Dow adding 5 points to 16,015 after a record close yesterday. Nasdaq rose 14 points to 3983.

On the upside

The European Medicines Association will continue to allow ARIAD Pharmaceuticals' (Nasdaq: ARIA) Iclusig to be used in patients with some added recommendations.

Pandora Media (NYSE: P) fell to a loss for the third quarter but revenue soared to beat analyst expectations.

The European Medicines Agency granted New Active Substance designation to Biogen Idec's (Nasdaq: BIIB) multiple sclerosis treatment Tecfidera.


On the downside


Violin Memory (NYSE: VMEM) widened third quarter losses more than expected and forecast current quarter revenue below estimates.

dELia*s (Nasdaq: DLIA) widened losses for the third quarter as revenue fell.

Third quarter earnings edged up for The Fresh Market (Nasdaq: TFM) but the results missed expectations prompting a downgrade.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 added 2 points to 1797.

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