On the upside
The lock-up period for approximately 852 million Facebook (Nasdaq: FB) shares expires today.
Cisco Systems (Nasdaq: CSCO) reported higher first quarter revenue and earnings that topped analyst estimates. On the downside
Iamgold (NYSE: IAG) reported higher third quarter earnings but the results fell short of expectations.
A Seeking Alpha contributor wrote that Sony (NYSE: SNE) will continue to face strong competition and suffer from falling sales.
Advanced Micro Devices (NYSE: AMD) denied rumors that it was selling itself.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 785.