Mixed Close Over Durable Goods Orders
It was a mixed close for the markets as durable goods orders rose in September due to increased commercial aircraft demand. However, orders slipped when excluding the transportation sector. The Dow fell 43 points to 11,126 while Nasdaq added 5 points to 2503.
On the upside
Shares of Quantum (NYSE: QTM) climbed ahead of its earnings release after market close.
Leerink Swann analysts upgraded Amylin (Nasdaq: AMLN).
Third quarter earnings for Oceaneering International (NYSE: OII) rose to surpass analyst expectations prompting the offshore oil services firm to lift its full year outlook.
On the downside
Lower expenses lifted first quarter earnings for Brinker International (NYSE: EAT), but revenue dropped.
GTx (Nasdaq: GTXI) priced its offering of approximately 14 million common shares at the discounted price of $2.80 per share.
Third quarter earnings for P.F. Chang's (Nasdaq: PFCB) soared but the casual restaurant operator lowered its full year outlook as margins slip.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 704.
