Markets Recover As Wholesales Inventories Rise

On the upside

Dynavax Technologies (Nasdaq: DVAX) received approval to commence commercial production of its hepatitis B surface antigen at its German manufacturing facility.

Jackson Hewitt (NYSE: JTX) narrowed second quarter losses and will expand into more Wal-Mart (NYSE: WMT) stores than originally announced.

Fourth quarter earnings for Cooper Cos. (NYSE: COO) rose as revenue increased.

On the downside

Movado (NYSE: MOV) swung to a third quarter loss that was lower than expected despite aggressive cost cutting measures as revenue fell.

The Men's Wearhouse (NYSE: MW) warned of losses for the fourth quarter.

NCI Building Systems (NYSE: NCS) announced the expiration of its tender offer to purchase senior convertible subordinated notes. 

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by a margin of 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 594.