September 11, 2013 at 10:45 AM EDT
Mixed Open As Apple Pricing Questioned

The markets opened mixed with the Dow gaining 44 points to 15,235 while Nasdaq fell 17 points to 3711 over disappointment with Apple's pricing strategy for its newly unveiled low-end iPhone 5C.

On the upside

Harvest Natural Resources (NYSE: HNR) entered exclusive negotiations to sell itself to Pluspetrol Venezuela.

Bank of America-Merrill Lynch upgraded Nokia (NYSE: NOK) from a Neutral rating to a Buy rating while Berenberg upgraded the company from a Sell rating to a Buy rating.

Ventrus Biosciences (Nasdaq: VTUS) reported positive results from two clinical dermal safety studies and one pharmacokinetic study of its anal fissure treatment VEN 307.


On the downside


Bank of America-Merrill Lynch, Credit Suisse and UBS all downgraded Apple (Nasdaq: AAPL) saying that the low end iPhone 5C that was unveiled yesterday was still too expensive.

Profit taking weighed down shares of Alcatel-Lucent (NYSE: ALU).

ReneSola (NYSE: SOL) priced its registered direct offering of approximately $70 million in American Depositary Shares.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 3 points to 1680.

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