Higher Open As Jobless Claims Fall

The markets opened higher with the Dow gaining 62 points to 15,963 as first time applications for unemployment benefits fell more than expected last week. Nasdaq climbed 31 points to 3952.

On the upside

Green Mountain Coffee Roasters (Nasdaq: GMCR) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin, declared a quarterly dividend and announced a $1 billion stock repurchase plan.

EXCO Resources (NYSE: XCO) announced the resignation of chairman and chief executive Douglas H. Miller and declared a quarterly dividend of 5 cents per share payable on December 16, 2013 to shareholders of record on December 2, 2013.

CombiMatrix (Nasdaq: CBMX) entered a contract with America's Choice Provider Network to provide molecular diagnostic solutions and comprehensive clinical support.


On the downside


GameStop (NYSE: GME) reported higher third quarter earnings and revenue but the video games product retailer forecast current quarter earnings below analyst expectations.

Liquidity Services (Nasdaq: LQDT) reported higher fourth quarter earnings but the results missed expectations and the company forecast current quarter and full year results below estimates.

Shares of Voxeljet (NYSE: VJET) continued falling after Citron Research questioned the company's revenue yesterday.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 8 points to 1789.

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