Drop in durable goods orders weighs down markets

A 0.1% drop in September durable goods orders weighed the markets down to a lower close with the Dow losing 29 points to 18,169. Nasdaq dropped 34 points to 5,215.


On the upside


TTM Technologies (Nasdaq: TTMI) swung to a better than expected profit for the third quarter.


Level 3 Communications (NYSE: LVLT) engaged in advanced negotiations to merge with CenturyLink (NYSE: CTL).


Ocwen Financial (NYSE: OCN) reversed year ago losses to post a profit for the third quarter.


On the downside


GNC Holdings (NYSE: GNC) disappointed with lower third quarter earnings and revenue that fell short of analyst expectations.


Cliffs Natural Resources (NYSE: CLF) fell to an unexpected loss for the third quarter as revenue slipped.


Carbo Ceramics (NYSE: CRR) widened losses for the third quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 lost 6 points 2,133. Bitcoin gained $5 to $678.

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