While September same store sales rose, retailers indicated that they will aggressively discount during the important holiday shopping season if customers fail to spend. The markets opened flat with the Dow adding 3 points to 10,971 while Nasdaq rose 8 points to 2388.
On the upside
Alvarion (Nasdaq: ALVR) partnered with Canada's Barret Xplore to deploy the first national 4G network in Canada.
Spherix (Nasdaq: SPEX) reported positive results from a Phase 3 study of its Type 2 diabetes treatment D-tagatose.
Abercrombie & Fitch (NYSE: ANF) reported sharply higher September same store sales that beat analyst expectations by a wide margin.
On the downside
Immucor (Nasdaq: BLUD) disappointed with first quarter revenue that fell short of estimates and cut its full year outlook.
Vanguard Natural Resources (NYSE: VNR) priced its public offering of 4.15 million common units at $25.40 per unit.
Marriott (NYSE: MAR) reversed year ago losses to post a third quarter profit but revenue missed expectations and the hotel operator forecast fourth quarter and full year earnings that fell short of estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 4 points to 685.
