On the upside
Sina (Nasdaq: SINA) impressed with sharply higher second quarter earnings that more than triple to surpass analyst expectations by a wide margin.
The New York Post reported that KKR and Providence Equity Partners may have engaged in exploratory discussions with Electronic Arts (Nasdaq: EA) to acquire the game software publisher.
On the downside
The lockup period for Facebook (Nasdaq: FB) insiders expired this morning which released 270 million shares of the social networking site. Shares of Groupon (Nasdaq: GRPN) continued falling after reporting slowing growth Monday after market close.
The Food and Drug Administration placed Idenix Pharmaceuticals' (Nasdaq: IDIX) hepatitis C treatment IDX184 on partial clinical hold for safety reasons.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 800.