On the upside
Meritage Homes (NYSE: MTH) narrowed first quarter losses.
On the downside
Although second quarter earnings rose for Jacobs Engineering (NYSE: JEC), revenue fell short of estimates and the company lowered its full year outlook.
Fresh Del Monte Produce (NYSE: FDP) blamed bad weather and the stronger dollar for first quarter earnings that dropped to miss expectations.
Level 3 Communications (NYSE: LVLT) narrowed first quarter losses but revenue fell short of expectations.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by nearly 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap added 3 points to 472.