On the upside
The Securities and Exchange Commission abandoned its efforts to regulate money market funds, lifting shares of Federated Investors (NYSE: FII).
Calix (NYSE: CALX) will acquire the fiber access assets of Ericsson.
On the downside
Dahlman Rose downgraded U. S. Steel (NYSE: X) to a Hold rating. Sterne Agee downgraded Ultra Petroleum (NYSE: UPL) to an Underform rating.
Howard Weil slashed its price target on Forest Oil (NYSE: FST) to $9.00 from $17.00.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 806.