Factory output edged up more than expected in October to lift the markets to a modestly higher open with the Dow rising 3 points to 17,486. Nasdaq gained 6 points to 4,990.
On the upside
Ocera Therapeutics (Nasdaq: OCRX) reported positive results from a Phase 1 study of OCR-002.
Eros International (NYSE: EROS) reported sharply higher second quarter earnings and revenue.
Nuance Communications (Nasdaq: NUAN) reported a smaller than expected loss for the fourth quarter.
On the downside
Dick's Sporting Goods (NYSE: DKS) disappointed with third quarter earnings and revenue that fell short of expectations prompting the company to lower its full year outlook.
Analysts downgraded Urban Outfitters (Nasdaq: URBN) after the retailer reported disappointing third quarter results and announced plans to acquire The Vetri Family restaurant group.
David Einhorn's Greenlight Capital slashed its holdings in SunEdison (NYSE: SUNE) by 6.2 million shares.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 added a point to 2,054. Bitcoin rose $4 to $331.
