On the upside
Freddie Mac lowered the capital requirement for MGIC Investment (NYSE: MTG) to continue writing insurance.
Tenet Healthcare (NYSE: THC) announced a 1-for-4 reverse stock split and will repurchase up to $500 million worth of stock.
On the downside
Janney Capital Markets analyst Mark Kalinowski downgraded Wendy's (Nasdaq: WEN) to a Neutral rating.
Mad Money's Jim Cramer recommended Sprint (NYSE: S) but the stock price fell.
UBS downgraded Alcatel-Lucent (NYSE: ALU) to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 846.