Disappointing earnings weighed the markets down to a lower open with the Dow losing 40 points to 17,189. Nasdaq slipped 3 points to 4,902.
On the upside
Energy Recovery (Nasdaq: ERII) signed a 15-year license to provide Schlumberger (NYSE: SLB) with exclusive rights to Energy Recovery’s VorTeq(TM) hydraulic pumping system.
Barclays upgraded Weight Watchers (NYSE: WTW) from an Underweight rating to an Equal Weight rating.
The Food and Drug Administration granted Fast Track and Orphan Drug designation to Corbus Pharmaceuticals’ (Nasdaq: CRBP) cystic fibrosis treatment Resunab.
On the downside
Harley-Davidson (NYSE: HOG) reported lower third quarter earnings that fell short of analyst expectations, lowered its shipment forecast and announced job cuts.
Rambus (Nasdaq: RMBS) reported third quarter earnings and revenue that missed estimates.
Progressive Waste Solutions (NYSE: BIN) reported preliminary third quarter revenue below expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 slipped 2 points to 2,031. Bitcoin added $3 to $266.
