The markets recovered losses in late afternoon trading to close modestly higher with the Dow adding 9 points to 11,444 as the nation's employers added more jobs than expected in October. Nasdaq gained a point to 2578.
On the upside
Telular (Nasdaq: WRLS) reported higher fourth quarter earnings and announced a special one-time cash dividend of $1.00 per share payable on November 22 to shareholders of record November 15.
Alpha Natural Resources (NYSE: ANR) offered to acquire Massey Energy (NYSE: MEE).
TTM Technologies (Nasdaq: TTMI) reversed year ago losses to post a profit for the third quarter and forecast current quarter results ahead of estimates.
On the downside
Mohawk Industries (NYSE: CO) reported higher third quarter earnings but revenue fell.
TeleCommunication Systems (Nasdaq: TSYS) disappointed with lower third quarter earnings.
Third quarter earnings for IAMGOLD (NYSE: IAG) fell due to unfavorable foreign exchange rates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 736.
