The markets opened mixed with the Dow losing 23 points to 22,358 while Nasdaq rose 8 points to 6,461 on news that consumer spending barely edged up 0.1% in August.
On the upside
Tyson Foods (NYSE: TSN) lifted its full year earnings outlook.
Zogenix (Nasdaq: ZGNX) reported upbeat results from a Phase 3 study of ZX008 to treat a form of epilepsy.
KB Home (NYSE: KBH) reported higher third quarter earnings that topped analyst estimates as revenue rose.
On the downside
Shares of GW Pharmaceuticals (Nasdaq: GWPH) fell after Zogenix (Nasdaq: ZGNX) reported upbeat study results.
Canaccord Genuity downgraded Iamgold (NYSE: IAG) from a Buy rating to a Hold rating.
Freeport McMoRan (NYSE: FCX) will be allowed to request a six month extension to renegotiate the rights to its copper mine Grasberg but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 2,509. Bitcoin slipped $1 to $4,184.
