The markets opened mixed with the Dow losing 17 points to 17,799 while Nasdaq added 3 points to 4,757 even as the nation's estimated third quarter gross domestic product was raised to 3.9% from 3.5%.
On the upside
SinoCoking Coal and Coke Chemical Industries' (Nasdaq: SCOK) aboveground syngas facility achieved 100% capacity.
Qihoo 360 Technology (NYSE: QIHU) reported sharply higher third quarter earnings and revenue that beat analyst expectations and forecast current quarter revenue ahead of estimates.
ChinaTopix listed J.C. Penney (NYSE: JCP) as the retailer with the largest Black Friday discounts.
On the downside
Revolution Lighting Technologies (Nasdaq: RVLT) priced its public offering of 8 million common shares at the discounted price of $1.25 per share.
E-Commerce China Dangdang (NYSE: DANG) reversed year ago losses to post a profit for the third quarter but the results fell short of analyst expectations.
William Blair downgraded CyberArk Software (Nasdaq: CYBR) from an Outperform rating to a Market Perform rating and Nomura downgraded the company from a Buy rating to a Neutral rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a fraction to 2068. Bitcoin added $1 to $378.
Mixed open even as GDP rises
November 25, 2014 at 09:42 AM EST