On the upside
Greenlight Capital acquired a 36.2% stake in BioFuel Energy (Nasdaq: BIOF).
Shares of Pandora Media (NYSE: P) rose after Apple (Nasdaq: AAPL) failed to announce its own music streaming service yesterday.
On the downside
AK Steel (NYSE: AKS) warned that third quarter losses will be greater than expected. Shares of US Airways (NYSE: LCC) continued falling after increasing ticket prices on certain routes.
Cell Therapeutics (Nasdaq: CTIC) extended its losses after Motley Fool wrote yesterday that the stock was expected to drop.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 865.