On the upside
ConAgra (NYSE: CAG) reported higher first quarter earnings that beat analyst expectations as sales rose prompting the food company to lift its full year guidance.
Exxon Mobile (NYSE: XOM) will purchase Denbury Resources' (NYSE: DNR) Bakken shale fields for approximately $1.6 billion in cash.
On the downside
Horizon Pharma (Nasdaq: HZNP) priced its public offering of approximately 21.4 million units at $3.50 per unit.
Ascent Solar Technologies (Nasdaq: ASTI) priced its public offering of more than 9.1 million common shares t the discounted price of $1.20 per share.
Bed Bath & Beyond (Nasdaq: BBBY) disappointed with lower second quarter earnings that fell short of analyst expectations and forecast third quarter earnings below estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 848.