On the upside
Apple (Nasdaq: AAPL) failed to introduce an Internet music service which alleviated competition fears for Pandora Media (NYSE: P).
RadioShack (NYSE: RSH) fell to a loss for the third quarter but the results were better than expected.
On the downside
Monster Beverage (Nasdaq: MNST) extended its losses after the Food and Drug Administration confirmed yesterday that it was investigating five possible deaths linked to energy drinks made by Monster.
CIT Group (NYSE: CIT) widened third quarter losses more than expected.
Third quarter earnings for Autoliv (NYSE: ALV) fell more than expected prompting the company to cut its guidance for the full year.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 5 points to 816.