The markets opened mixed with the Dow slipping 5 points to 16,798 while Nasdaq rose 5 points to 4,427 despite a drop in first time applications for unemployment benefits as geopolitical concerns weighed on investors.
On the upside
The Food and Drug Administration granted Ariad Pharmaceuticals’ (Nasdaq: ARIA) experimental lung cancer treatment AP26113 Breakthrough Therapy designation.
Rite Aid (NYSE: RAD) reported a 5.1% jump in September same store sales.Â
Bargain hunters lifted shares of Walter Energy (NYSE: WLT).
On the downside
Cree (Nasdaq: CREE) warned that first quarter earnings and revenue would fall short of expectations.
JPMorgan released GoPro (Nasdaq: GPRO) founders Nicholas and Jill Woodman from the lock-up restriction.
Investors locked in profits on Lakeland Industries (Nasdaq: LAKE).
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 held steady at 1946. Bitcoin lost $8 to $371.
