On the upside
Deutsche Bank (NYSE: DB) will cut expenses by approximately $5.8 billion by 2015 and reform executive compensation practices.
STMicroelectronics (NYSE: STM) will begin volume production of its STM32 F3 microcontrollers.
On the downside
Investors locked in profits on Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price soared after reporting upbeat cancer trial results on Friday. United Natural Foods (Nasdaq: UNFI) reported higher fourth quarter earnings but the organic and specialty foods distributor forecast 2013 income below analyst expectations.
K12 (NYSE: LRN) denied allegations of teacher certification issues made by Seminole County, Florida.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 841.