The markets opened higher with the Dow rising 46 points to 18,208 as crude oil prices rose. Nasdaq added 2 points to 5,246.
On the upside
Banc of California (NYSE: BANC) reported sharply higher third quarter earnings and revenue that beat analyst expectations.
Technical Communications (Nasdaq: TCCO) received an order worth approximately $2.37 million from Datron World Communications.
GNC Holdings (NYSE: GNC) met with Chinese companies that may be interested in purchasing the nutritional supplements retailer.
On the downside
Nektar Therapeutics (Nasdaq: NKTR) priced its public offering of 13 million common shares at the discounted price of $13.50 per share.
Intel (Nasdaq: INTC) reported higher third quarter earnings and revenue but the chipmaker forecast fourth quarter revenue below expectations.
Kroger (NYSE: KR) may not be interested in purchasing any of the 650 stores that Rite Aid (NYSE: RAD) and Walgreens (Nasdaq: WBA) must sell in order to complete their $17 billion merger.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by 5 to 4 on Nasdaq. The broader S&P 500 added 2 points to 2,141. Bitcoin tumbled $9 to $623.
