Markets Open Higher Ahead Of Wholesale Inventory Report

The markets opened higher with the Dow rising 30 points to 10,445 ahead of the Commerce Department's wholesale inventory report. Nasdaq added 7 points to 2243.

On the upside

Second quarter earnings more than doubled for Lululemon Athletica (Nasdaq: LULU) as revenue surged to surpass analyst expectations.

Nokia (NYSE: NOK) will replace chief executive Olli-Pekka Kallasvuo with Microsoft (Nasdaq: MSFT) executive Stephen Elop on September 21.

American Eagle Outfitters (NYSE: AEO) chairman Jay L. Schottenstein purchased nearly $6.8 million worth of common stock.

On the downside

Smith & Wesson (Nasdaq: SWHC) reported sharply lower first quarter earnings as revenue fell to miss estimates and the gun maker forecast second quarter results below expectations.

Crocs (Nasdaq: CROX) affirmed its third quarter outlook but analysts were expecting slightly higher revenue.

First quarter earnings surged nearly threefold for National Semiconductor (NYSE: NSM) but the chipmaker forecast second quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 637.