Higher open as oil prices rise

The markets opened higher with the Dow rising 31 points to 17,809 as crude oil prices rose. Nasdaq gained 12 points to 4,760.

On the upside

Third quarter earnings slipped for Red Hat (NYSE: RHAT) but the results were better than expected as revenue rose.

Credit Suisse lifted its price target on Pier 1 Imports (NYSE: PIR) from $13 to $15.

CarMax (NYSE: KMX) reported higher third quarter earnings and revenue that beat analyst expectations.

On the downside

ImmunoGen (Nasdaq: IMGN) announced that development partner Roche reported disappointing Phase III MARIANNE study results for three HER2-targeted regimens to treat HER2-positive metastatic breast cancer.

Teekay Tankers (NYSE: TNK) priced its public offering of 20 million common shares at the discounted price of $4.80 per share.

Finish Line (Nasdaq: FINL) disappointed with third quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added 2 points to 2063. Bitcoin eased $1 to $312.