On the upside
Shares of Sprint Nextel (NYSE: S) continued rising after launching its new 4G LTE wireless data network yesterday.
McMoRan (NYSE: MMR) widened second quarter losses more than expected but the company expects to test its Davy Jones No. 1 well at the end of the month.
On the downside
Shares of Vivus (Nasdaq: VVUS) dropped ahead of the Food and Drug Administration's decision on the biopharmaceutical's obesity treatment Qnexa.
Alcatel-Lucent (NYSE: ALU) warned that second quarter results would fall short of analyst expectations.
The Securities and Exchange Commission launched an investigation into New Oriental Education's (NYSE: EDU) financial statements.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 799.