On the upside
Chesapeake Energy (NYSE: CHK) reported sharply higher second quarter earnings and announced plans to sell approximately $7 billion worth of assets in the current quarter.
MGM Resorts International (NYSE: MGM) fell to a loss for the second quarter but the results were better than expected.
On the downside
Heckmann (NYSE: HEK) reported sharply higher second quarter earnings due to a deferred tax benefit but the results fell short of expectations prompting downgrades. Scientific Games (Nasdaq: SGMS) fell to a loss for the second quarter.
Citron Research alleged that Nu SKin Enterprises (NYSE: NUS) engaged in an illegal pyramid scheme in China.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 804.