Mixed Close As Oil Retreats

It was a mixed close for the markets with the Dow rising 20 points to 10,246 as oil prices retreated while home prices continued to fall. Nasdaq slipped 2 points to 2151.

On the upside

Home Inns & Hotels Management (Nasdaq: HMIN) reported sharply higher third quarter earnings as revenue climbed.

Monsanto (NYSE: MON) reaffirmed its 2010 guidance and announced that the launch of new corn and soybean products has been accelerated.

Barnes & Noble (NYSE: BKS) launched its redesigned online B&N Kids Store for the holiday shopping season.

On the downside

Opnext (Nasdaq: OPXT) disappointed with a second quarter loss that was greater than expected.

MBIA (NYSE: MBI) blamed the continued slump in the housing market for a third quarter loss.

United Rentals (NYSE: URI) announced an offering of $572.5 million in senior convertible notes.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 586.

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