Slow retail sales along with concerns of further write downs sent the markets down to a lower close with the Dow tumbling 76 points to 13,231. Nasdaq plunged 29 points to 2644.
On the upside
Innodata Isogen (Nasdaq: INOD) reversed year ago losses to post a third quarter profit as revenue surged.
Speculation that Clearwire (Nasdaq: CLWR) may be acquired lifted shares of the wireless broadband provider.
McDermott International's (NYSE: MDR) subsidiary Babcock & Wilcox will provide a boiler and selective catalytic reduction system for Basin Electric Power's power plant in Wyoming.
On the downside
Basin Water (Nasdaq: BWTR) blamed a $4.7 million projected losses charge for widening third quarter losses.
While KHD Humboldt Wedag International (NYSE: KHD) reported higher third quarter earnings, revenue fell far short of expectations.
Goldman Sachs downgraded GateHouse Media (NYSE: GHS) after the newspaper publisher reported third quarter earnings that missed expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 782.
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