Rising home prices lifted the markets to a higher open with the Dow gaining 47 points to 15,616. Nasdaq added a point to 3941.
On the upside
Nokia (NYSE: NOK) narrowed third quarter losses more than expected and forecast an increase in its network business profit margin.
Pitney Bowes (NYSE: PBI) fell to a loss for the third quarter but the results were better than expected.
Third quarter earnings surged for Integrated Device Technology (Nasdaq: IDTI) to top expectations.
On the downside
Volcano (Nasdaq: VOLC) reported preliminary third quarter revenue that fell short of analyst expectations prompting downgrades.
Dana Holding (NYSE: DAN) reported higher third quarter earnings but the results missed analyst estimates.
Fourth quarter earnings plunged for Sanmina (NYSE: SANM) as revenue fell and the company forecast current quarter results below expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 rose 4 points to 1766.
