On the upside
Diamond Management & Technology Consultants (Nasdaq: DTPI) released preliminary first quarter results that surpassed expectations.
Rising gold prices lifted shares of Goldcorp (NYSE: GG).
The consortium led by URS (NYSE: URS) was chosen as a preferred bidder for a five year contract to decommission a nuclear power plant in the United Kingdom.
On the downsideWhile first quarter earnings for Infosys Technologies (Nasdaq: INFY) rose to surpass estimates, the information technology provider forecast disappointing second quarter results.
UAL (Nasdaq: UAUA) warned that it will record accounting charges between $2.6 billion to $2.7 billion in the second quarter.
Shares of FCStone Group (Nasdaq: FCSX) continued to fall after reporting lower third quarter earnings that fell short of estimates.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 663.