The markets closed mixed with the Dow losing 24 points to 16,117 despite a sharp drop in jobless claims as investors continued to worry about the health of the global economy. Nasdaq added 2 points to 4,217.

On the upside

Vimicro International (Nasdaq: VIMC) won two contracts valued at approximately $39.80 million.

Rising crude oil prices lifted shares of Goodrich Petroleum (NYSE: GDP) and Midstates Petroleum (NYSE: MPO). 

Fairmount Santrol (Nasdaq: FMSA) will release third quarter earnings before market open on Tueday, November 11.

On the downside

Profit taking weighed down shares of Lakeland Industries (Nasdaq: LAKE).

Canaccord Genuity analyst Michael Graham cut his price target on eBay (Nasdaq: EBAY) from $57 to $52 and Jefferies analyst Brian Pitz lowered his price target from $59 to $55.

Indications that incumbent president Dilma Rousseff would win the Brazilian presidential election over pro-business candidate Aecio Neves weighed down shares of Petrobras (NYSE: PBR).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 held steady at 1862. Bitcoin lost $18 to $371.