On the upside
Wells Fargo analyst Jennifer Fritzsche suggested that Dish Network (Nasdaq: DISH) invested in the debt securities of Clearwire (Nasdaq: CLWR).
Computer Sciences (NYSE: CSC) reported sharply lower second quarter earnings as revenue fell but the results were better than expected.
On the downside
Alpha Natural Resources (NYSE: ANR) widened second quarter losses more than expected. Jive Software (Nasdaq: JIVE) reported a loss for the second quarter and forecast current quarter revenue below analyst estimates.
Nxstage Medical (Nasdaq: NXTM) narrowed second quarter losses but the company forecast third quarter results that fell short of expectations.
In the broad market, advancing issues edged out decliners by a margin of nearly 10 to 9 on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 800.