On the upside
AK Steel (NYSE: AKS) will raise spot market base prices for all flat-rolled steel products by $30 per ton.
The Food and Drug Administration approved ViroPharma's (Nasdaq: VPHM) Cinryze Biologics License Application for industrial scale production.
On the downside
Profit taking sank shares of Supervalu (NYSE: SVU), whose stock price rose last week after naming chairman Wayne Sales as its new chief executive. Tesco (Nasdaq: TESO) reported higher second quarter earnings but revenue fell short of expectations.
GEVO (Nasdaq: GEVO) will file a preliminary injunction against Butamax for patent infringement.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 5 points to 794.