On the upside
Hewlett Packard (NYSE: HPQ) reclaimed its status as the top maker of personal computers.
Swatch Group will acquire the Harry Winston Diamond (NYSE: HWD) watch and jewelry brand in a deal valued at approximately $1 billion.
On the downside
Suntech Power (NYSE: STP) regained compliance with the New York Stock Exchange's minimum listing requirement but the stock price fell. UBS downgraded Sprint (NYSE: S) from a Buy rating to Neutral.
Investors locked in profits on Telik (Nasdaq: TELK).
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index slipped 2 points to 1469.