On the upsideBJ's Wholesale Club (NYSE: BJ) posted profits that quadrupled to beat expectations as the nation's 3rd-largest discount retail chain drew more business from bargain hunters.
Capital Trust (NYSE: CT) reported higher 4th quarter earnings as the investment management firm posted gains from the sale of investments.
Shares of Lawson Products (Nasdaq: LAWS) rose after the parts supplier to the automotive and aerospace sectors posted 4th quarter earnings that tripled due to cost-cutting despite declining revenues.
On the downside
Chinese wireless media and service company KongZhong (Nasdaq: KONG) lowered its revenue forecast while announcing plans to invest further into its wireless Internet business.
Health insurance provider Universal American (NYSE: UAM) lowered its outlook due to an expected decline in Medicare Part D payments.
In the broad market, advancing issues outpaced decliners by
a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq.
The Russell 2000 which tracks small cap stocks edged up 3 points to 684.