On the upside
Second quarter earnings climbed for MercadoLibre (Nasdaq: MELI) to surpass analyst expectations by a wide margin.
Sequenom's (Nasdaq: SQNM) chief executive officer, chief financial officer and an executive vice president all purchased shares in the company on Wednesday, August 1.
On the downside
Southwestern Energy (NYSE: SWN) fell to a greater than expected second quarter loss as revenue dropped. Cardinal Health (NYSE: CAH) reported higher fourth quarter earnings but revenue missed expectations.
Second quarter earnings tumbled for WellCare (NYSE: WCG) and the managed care provider forecast full year revenue below estimates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 19 points to 788.