On the upside
MGM Resorts (NYSE: MGM) will finance its debt with $4 billion in loans and will raise $1 billion through the sale of senior unsecured notes.
Rumors swirled that Walter Energy (NYSE: WLT) may be acquired.
On the downside
Third quarter earnings and revenue rose for Vera Bradley (Nasdaq: VRA) but the accessories maker forecast current quarter results below expectations.
Investors locked in profits on Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price climbed yesterday after regulators approved the late stage trial design for its brain cancer treatment Cotara.
Emulex (NYSE: ELX) will offer a premium of approximately $130 million in cash to acquire Endace.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 820.