Flat open as earnings disappoint

The markets opened flat with the Dow adding 3 points to 16,681 as investors weighed a gain in existing home sales against disappointing earnings. Nasdaq rose 4 points to 4,457.

On the upside

Digital River (Nasdaq: DRIV) will be taken private by an investor group for a premium of approximately $840 million in cash.

KLA-Tenor (Nasdaq: KLAC) reported lower first quarter earnings but the results were better than expected, the company announced a special dividend payment and increased its stock repurchase program.

Qlik Technologies (Nasdaq: QLIK) fell to a loss for the third quarter but the results topped estimates as revenue rose.

On the downside

DryShips (Nasdaq: DRYS) priced its public offering of 250 million common shares at the discounted price of $140 per share.

Pandora Media (NYSE: P) narrowed losses for the third quarter but listener growth fell short of expectations.

Amazon (Nasdaq: AMZN) widened losses significantly more than expected for the third quarter and warned of losses in the current quarter.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 added a fraction to 1951. Bitcoin rose $5 to $361.
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