The opened mixed with the Dow slipping 5 points to 15,671 while Nasdaq added 5 points to 3789 over renewed uncertainty about the implementation of the Fed's tapering.
On the upside
Rite Aid (NYSE: RAD) reversed year ago losses to post a profit for the second quarter and lifted its full year earnings outlook.
Agilent Technologies (NYSE: A) will spinoff its electronic measurement business into a separate publicly traded company.
UBS upgraded GT Advanced (Nasdaq: GTAT) from a Neutral rating to a Buy rating.
On the downside
Pier 1 Imports (NYSE: PIR) disappointed with lower second quarter earnings that fell short of analyst expectations prompting the company to trim its full year earnings forecast.
Pacific Coast Oil Trust (NYSE: ROYT) priced its public offering of 13.5 million trust units at the discounted price of $17.10 per unit.
GeoInvesting plans to file a whistleblower report against L&L Energy (Nasdaq: LLEN) for fraudulent revenue reports.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 added a point to 1727.
