The markets opened lower with the Dow dropping 73 points to 15,300 despite a debt deal as earnings disappointed. Nasdaq eased 2 points to 3837.
On the upside
A consortium led by Blackstone Group will take Pactera Technology (Nasdaq: PACT) private for a premium of $625 million.
Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA).
SolarCity (NYSE: SCTY) will announce third quarter earnings after market close on Wednesday, November 6, 2013.
On the downside
A Food and Drug Administration advisory panel rejected expanding the use of Amarin’s (Nasdaq: AMRN) Vascepa fish oil drug.
Select Comfort (Nasdaq: SCSS) disappointed with lower third quarter earnings that fell short of analyst expectations and cut its full year guidance.
IBM (NYSE: IBM) reported higher third quarter earnings but revenue dropped to fall short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 1721.
