The markets opened lower with the Dow losing 11 points to 17,602 despite record online sales on Singles’ Day. Nasdaq slipped 4 points to 4,647.
On the upside
China Finance Online (Nasdaq: JRJC) entered a strategic partnership agreement with Great Wall Securities.
Rackspace Hosting (NYSE: RAX) reported higher third quarter earnings that topped analyst estimates as revenue rose.Â
AuRico Gold (NYSE: AUQ) entered a strategic partnership with Carlisle Goldfields.
On the downside
Third quarter earnings climbed for Applied Optoelectronics (Nasdaq: AAOI) but the results missed expectations.
Cumulus Media (Nasdaq: CMLS) disappointed with sharply lower third quarter earnings that fell short of analyst estimates.
Vivint Solar (NYSE: VSLR) fell to a wider than expected loss for the third quarter.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a fraction to 2037. Bitcoin slipped $3 to $364.
