The markets traded mixed during the midday with the Dow dropping 52 points to 15,321 with investors relieved that a default was averted but concerns persisted about corporate earnings. Nasdaq gained 11 points to 3850.
On the upside
Kingold Jewelry (Nasdaq: KGJI) will host investor meetings and media appearances in the United States during the week of November 18.
Credit Suisse upgraded Jinko Solar (NYSE: JKS) from a Neutral rating to a Buy rating.
A jury found that Qualcomm (Nasdaq: QCOM) infringed on ParkerVision (Nasdaq: PRKR) patents.
On the downside
Overstock.com (Nasdaq: OSTK) reported higher third quarter earnings and revenue but analysts were disappointed with the results.
Ultratech (Nasdaq: GS) fell to an unexpected loss for the third quarter as revenue plunged.
UnitedHealth Group (NYSE: UNH) reported higher third quarter earnings and revenue but analysts were disappointed that the results merely met expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 1727.
