On the upside
TheStreet Ratings affirmed its Buy rating on Seagate Technology (Nasdaq: STX).
Bloomberg reported that General Motors (NYSE: GM) will reorganize all global operations.
On the downside
Investors locked in profits on Pluristem Therapeutics (Nasdaq: PSTI) whose stock price climbed this week after announcing a contract with Cato Research to conduct Phase II clinical trials for its intermittent claudication treatment. Retreating gold prices weighed down shares of Harmony Gold Mining (NYSE: HMY).
Citi Investment Research analyst Deborah Weinswig said that Supervalu (NYSE: SVU) must sell assets in order to raise capital.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 819.