The market reversed course during the midday with the Dow falling 50 points to 16,564 as the Securities and Exchange Commission adopted a new mortgage risk retention rule for banks. Nasdaq lost 15 points to 4,404.
On the upside
Unisys (NYSE: UIS) reversed year ago losses to post a profit for the third quarter as revenue rose.
Third quarter earnings slipped for Six Flags Entertainment (NYSE: SIX) but revenue rose to top estimates and the company increased its quarterly dividend.
Small Cap Traders issued a favorable analyst report on Vapor (Nasdaq: VPCO).
On the downside
Angie's List (Nasdaq: ANGI) narrowed third quarter losses as revenue rose but analysts expected a smaller loss.
Willbros Group (NYSE: WG) restructured its management team and announced that second quarter results will be restated.
Lumber Liquidators (NYSE: LL) disappointed with lower third quarter earnings that missed analyst expectations by a wide margin and trimmed its full year outlook.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 1939. Bitcoin held steady at $382.
Markets reverse course
October 22, 2014 at 13:49 PM EDT
