The markets opened mixed with the Dow slipping 20 points to 15,509 while Nasdaq added 4 points to 3749 as investors await word from the Federal Reserve this afternoon about the tapering of stimulus measures.
On the upside
Adobe Systems (Nasdaq: ADBE) reported sharply lower third quarter earnings but subscription revenue soared.
Credit Suisse upgraded Nokia (NYSE: NOK) from a Neutral rating to an Outperform rating.
McKesson Medical-Surgical will sell and distribute Atossa Genetics’ (Nasdaq: ATOS) MASCT device and patient collection kits.
On the downside
FBR Capital downgraded Tower Group International (Nasdaq: TWGP) from an Outperform rating to a Market Perform rating.
Triumph Group (NYSE: TGI) warned that it would have to record additional pre-tax program costs.
Fleetmatics Group (NYSE: FLTX) priced its follow-on public offering of more than 5.976 million common shares at the discounted price of $46.79 per share.
In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 edged up a fraction to 1705.
