The markets traded lower during the midday with the Dow falling 59 points to 15,408 as earnings disappointed. Nasdaq dropped 24 points to 3905.
On the upside
Stereotaxis (Nasdaq: STXS) reported preliminary third quarter revenue of approximately $10.6 million to $11.1 million.
Jakks Pacific (Nasdaq: JAKK) reported higher third quarter earnings that topped analyst expectations and forecast full year revenue ahead of estimates.
Canada Competition Bureau approved the sale of Safeway's (NYSE: SWY) Canadian stores. Also, rumors circulated that several private equity firms were interested in acquiring Safeway
On the downside
Alteray (Nasdaq: ALTR) disappointed with lower third quarter earnings as revenue dropped to fall short of expectations.
Caterpillar (NYSE: CAT) reported sharply lower third quarter earnings that missed expectations by a wide margin as revenue dropped.
FMC Technologies (Nasdaq: FTI) reported higher third quarter earnings and revenue but the results fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 8 points to 1746.
