The markets opened lower with the Dow falling 41 points to 18,161 as first time applications for unemployment benefits rose. Nasdaq dropped 19 points to 5,227.
On the upside
DragonWave (Nasdaq: DRWI) will supply its microwave backhaul equipment for Sprint's network densification and optimization strategy.
American Express (NYSE: AXP) reported better than expected earnings for the third quarter and lifted its full year forecast.
SkyPeople Fruit Juice (Nasdaq: SPU) requested a hearing with the Nasdaq Hearing Panel to appeal its delisting determination.
On the downside
Rigel Pharmaceuticals (Nasdaq: RIGL) reported disappointing results from a FIT Phase 3 clinical program for fostamatinib.
Organovo (Nasdaq: ONVO) priced its public offering of 9 million common shares at the discounted price of $2.75 per share.
eBay (Nasdaq: EBAY) reported lower third quarter earnings and forecast disappointing fourth quarter results.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 6 points to 2,138. Bitcoin added $1 to $628.
