Jobs Lost In Private Sector, Markets Open Mixed

The markets opened mixed with the Dow adding 6 points to 10,950 while Nasdaq lost 14 points to 2385 as private employers eliminated jobs in September.

On the upside

Monsanto (NYSE: MON) narrowed fourth quarter losses.

American Airlines (NYSE: AMR) announced a joint venture with British Airways and Iberia to offer lower fares with more flight times and will recall approximately 800 employees to staff the additional flights.

TeleCommunication Systems (NYSE: TSYS) received a contract valued at approximately $269 million to provide the Marine Corps with the company's Wireless Point-to-Point Link-Delta Solutions integrated communications system.

On the downside

Equinix (Nasdaq: EQIX) cut its revenue outlook for the third quarter as well as the full year prompting downgrades.

Bloomberg reported that Lazard and J. P. Morgan Chase are advising Wilmington Trust (NYSE: WL) as the bank attempts to secure capital from private equity firms.

SAVVIS (Nasdaq: SVVS) narrowed its full year revenue guidance but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while delincers edged out advancers by more than 10 to 9 on Nasdaq.

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