On the upside
Gol Linhas (NYSE: GOL) rival TAM announced a 7% reduction in domestic routes in 2013.
TRW Automotive Holdings (NYSE: TRW) will repurchase up to $1 billion worth of stock over two years.
On the downside
MEMC Electronic Materials (NYSE: WFR) secured a $200 million term loan.
Paragon Report issued a research report on Molycorp (NYSE: MCP) saying that increased production will pressure prices.
Morgan Stanley downgraded Molson Coors (NYSE: TAP) to an Underweight rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 840.