On the upside
Bargain hunters lifted shares of Tyson Foods (NYSE: TSN) whose stock price fell Monday after the meat processor reported sharply lower third quarter earnings and cut its full year revenue guidance.
Second quarter earnings rose for Rackspace Hosting (NYSE: RAX) as revenue climbed to beat expectations.
On the downside
Arch Coal (NYSE: ACI) reorganized its executive team by naming Gary L. Bennett to the position of vice president of operations support. Spectrum Pharmaceuticals (Nasdaq: SPPI) reported higher second quarter earnings but the stock price fell.
Second quarter earnings rose for EZchip Semiconductor (Nasdaq: EZCH) but the company forecast current quarter and full year results below expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 801.