On the upsideVerizon Communications (NYSE: VZ) posted higher 3rd quarter earnings as a gain of 1.5 million wireless subscribers beat expectations.
Humana (NYSE: HUM) posted lower 3rd quarter profits as Medicare prescription payments fell and its investment portfolio took some losses.
On the downside
Arch Coal (NYSE: ACI) reported sharply higher revenues and earnings due to strong demand, but investors worried about the coal producer's outlook.
Shares of medical device maker Thoratec (Nasdaq: THOR) tumbled after the company recalled its small mechanical heart pump that was blamed for the deaths of five patients.
In the broad market, declining issues outpaced advancers by a margin
of more than 3 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell
2000 which tracks small cap stocks dropped 8 points to 462.