On the upside
Fortune Brands Home & Security (NYSE: FBHS) reported sharply higher third quarter earnings that surpassed analyst expectations and raised its earnings guidance for the year.
Third quarter earnings dropped for Molina Healthcare (NYSE: MOH) but the results were better than expected.
On the downside
The Food and Drug Administration declined to approve United Therapeutics' (Nasdaq: UTHR) new drug application for extended release tablets of its pulmonary arterial hypertension treatment treprostinil diethanolamine.
Altera (Nasdaq: ALTR) reported lower third quarter earnings and warned of sequentially lower revenue in the fourth quarter.
Brinker International (NYSE: EAT) reported higher first quarter earnings but the results fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 813.