On the downside
Sun Trust Robinson Humphrey downgraded St. Mary Land & Exploration (NYSE: SM).
EXCO Resources (NYSE: XCO) hired Goldman Sachs to assist the oil and natural gas company research and explore possible joint venture initiatives.
Leerink Swann analyst Bret Jones downgraded eResearch Technology (Nasdaq: ERES) over valuation concerns.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 24 points to 687.