Markets Mixed As Spending Rises While Incomes Fall

The markets traded mixed during the midday with the Dow rising 9 points to 12,217 as consumer spending rose in the third quarter while disposable income fell. Nasdaq lost 6 points to 2732.

On the upside

Sonus Networks (Nasdaq: SONS) reversed year ago losses to post a profit for the third quarter.  

Third quarter earnings more than doubled for Las Vegas Sands (NYSE: LVS) as revenue soared. 

Stillwater Mining (NYSE: SWC) reported sharply higher third quarter earnings that beat analyst expectations. 

On the downside

Digital River (Nasdaq: DRIV) reported flat third quarter earnings and forecast fourth quarter results below estimates.

MF Global Holdings (NYSE: MF) drew down the entire amount of two revolving credit lines.   

Standard Pacific (NYSE: SPF) blamed charges for swinging to a third quarter loss.

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap eased a point to 763.