On the upside
The Wall Street Journal reported that C&S Wholesale Grocers may explore acquiring the distribution unit of Supervalu (NYSE: SVU).
Sprint Nextel (NYSE: S) launched its 4G LTE wireless data network.
On the downside
Facebook (Nasdaq: FB) acquired the development talent behind mobile app maker Spool.
Green Mountain Coffee Roasters (Nasdaq: GMCR) continued falling after Stifel Nicolaus cut its earnings guidance for the company last week.
BMO Capital Markets analyst Amit Sharma downgraded Dean Foods (NYSE: DF) to a Market Perform rating citing rising feed expenses.
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 Russell 2000 which tracks small cap stocks lost 4 points to 796.