On the upsideShares of Crocs (Nasdaq: CROX) surged after Wedbush Morgan analyst Jeff Mintz said that he expects Crocs to post a smaller than expected loss.
Fifth Third Bancorp (Nasdaq: FITB) has refinanced over $21 million in Freddie Mac loans.
The government requested that Wells Fargo (NYSE: WFC) raise additional capital as a precaution against further loan losses.
On the downside
DirecTV (Nasdaq: DTV) will merge with the entertainment unit of Liberty Media then spin-off as a new company.
First quarter earnings for Astronics (Nasdaq: ATRO) plunged by nearly half to miss expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 19 points to 506.