The markets opened mixed with the Dow rising 13 points to 11,518 despite a drop in jobless claims as concerns arose that the second financial aid package for Greece may not be finalized until the end of November. Nasdaq lost 8 points to 2595.
On the upside
Nokia (NYSE: NOK) swung to a third quarter loss but the results were better than expected.
Ericsson (Nasdaq: ERIC) reported higher third quarter earnings and revenue that topped analyst expectations.
Third quarter earnings for Fifth Third Bancorp (Nasdaq: FITB) more than doubled to beat estimates.
On the downside
Polycom (Nasdaq: PLCM) disappointed with third quarter earnings and revenue that missed analyst expectations prompting downgrades.
Third quarter earnings and revenue dropped for Boston Scientific (NYSE: BSX).
Newfield Exploration (NYSE: NFX) reported higher third quarter earnings and revenue but the company lowered its full year production outlook.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 690.
