Stocks Open Mixed Ahead of Consumer Confidence Report

The markets opened mixed after North Korea's nuclear testing activity created geopolitical uncertainty.  Meanwhile, investors awaited the latest consumer confidence report.  The Dow lost 33 points to 8227 while Nasdaq slipped 2 points to 1358.

On the upside

Chico's FAS (NYSE: CHS) expected same-store sales for the month to rise.  The women's apparel retailer joined other companies in the sector in seeing retail sales growth.

Shares of MAP Pharmaceuticals (Nasdaq: MAPP) soared after its migraine drug treatment met late-stage study goals.

An analyst upgraded pawnshop operator and check cashing service provider Cash America International (NYSE: CSH).

An analyst upgraded NetApp, Inc. (Nasdaq: NTAP), a maker of data storage solutions.

On the downside

As a deadline looms for General Motors (NYSE: GM) to announce restructuring plans, Fiat actively negotiated with the German government to buy GM's Opel automotive unit.

Altair Nanotechnologies (Nasdaq: ALTI) raised $14 million as its shares dipped below $1 a share.  The company develops and markets paint resins and sensors. 

In the broad market, advancing issues edged out decliners by a narrow margin on the NYSE and outpaced them by a margin of nearly 4 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 474.

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