On the upside
Navistar (Nasdaq: NAV) named two new members to its board with connections to billionaire investor Carl Icahn.
Qlik Technologies (Nasdaq: QLIK) will report third quarter results after market close on Thursday, October 25, 2012.
On the downside
Progress Software (Nasdaq: PRGS) announced the resignation of chief executive Jay Bhatt and warned that fourth quarter revenue may be negatively impacted by Bhatt's departure.
ISI Group analyst Sumit Dhanda downgraded Intersil (Nasdaq: ISIL) to a Sell rating.
Goldman Sachs analyst Simon Schafer downgraded Alcatel-Lucent (NYSE: ALU) on Friday to a Sell rating and lowered the price target from $1.30 to $0.80.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 839.