It was a mixed close for the markets with the Dow gaining 37 points to 11,541 as European leaders failed to resolve differences in proposed bailout plans. Nasdaq lost 5 points to 2598.
On the upside
KeyCorp (NYSE: KEY) reported higher third quarter earnings that topped analyst estimates.
Western Digital (NYSE: WDC) reported higher first quarter earnings that beat analyst expectations as revenue surged.
American Airlines parent AMR (NYSE: AMR) reported a third quarter loss yesterday but Sterne Agee analyst Jeff Kauffman expects the stock price to climb to $5 once ongoing negotiations with the pilots' union are finalized.
On the downside
Agnico-Eagle Mines (NYSE: AEM) doubled its maximum cash offer to acquire Grayd Resource.
8x8 (Nasdaq: EGHT) disappointed with lower second quarter earnings.
Third quarter earnings plunged for Astoria Financial (NYSE: AF) to fall short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners barely edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 696.
