The markets opened flat with the Dow edging up a point to 12,572 while Nasdaq eased a point to 2845 as October consumer prices rose modestly on higher food prices.
On the upside
Second quarter earnings fell for NetApp (Nasdaq: NTAP) but the results topped analyst estimates and the company announced plans to repurchase up to $1.5 billion worth of stock.
E-Commerce China Dangdang (NYSE: DANG) widened third quarter losses but the results were better than expected as revenue climbed.
Cameron (NYSE: CAM) formed a joint venture with Schlumberger (NYSE: SLB) to manufacture and develop subsea oil production products and systems. On the downside
Velti (Nasdaq: VELT) fell to a larger than expected loss for the third quarter.
Wal-Mart (NYSE: WMT) reported higher third quarter earnings but the results fell short of expectations and the discount retailer forecast current quarter earnings below estimates.
AK Steel (NYSE: AKS) priced its public offering of 22 million shares of common stock at the discounted price of $4.00 per share.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while decliners were on par with advancers on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 773.
Flat Open As Consumer Prices Edge Up
November 15, 2012 at 09:45 AM EST
