On the upside
Shares of Alpha Natural Resources (NYSE: ANR) and Arch Coal (NYSE: ACI) soared on expectations of greater coal consumption in China and India.
Cobalt International Energy (NYSE: CIE) announced the discovery of oil at its North Platte prospect in the Gulf of Mexico.
On the downside
Wells Fargo warned that New Oriental Education & Technology Group (NYSE: EDU) was in danger of being delisted.
Shares of Select Comfort (Nasdaq: SCSS) fell after rival Mattress Firm Holding (Nasdaq: MFRM) cut its guidance for the full year.
Profit taking continued to sink shares of Qihoo 360 Technology (NYSE: QIHU), whose stock price rose on Monday after the Wall Street Journal profiled company founder Zhou Hongyi over the weekend.
In the broad market, advancing issues edged out decliners by a margin of nearly 10 to 9 on the NYSE while decliners outpaced advancers by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 820.