On the upside
Garmin (Nasdaq: GRMN) blamed the sluggish economy for lower fourth quarter revenue and profit that fell by half.
Ford Motor (NYSE: F) and the United Auto Workers union have negotiated a tentative deal to modify retiree health care.
The Supreme Court (Nasdaq: RMBS) rejected the Federal Trade Commission's request to review its antitrust case against Rambus.
On the downside
Citigroup downgraded Huntington Bancshares (Nasdaq: HBAN).
Weingarten Realty Investors (NYSE: WRI) sharply lower fourth quarter funds from operations due to hefty property charges.
Shares of Chiquita Brands International (NYSE: CQB) continued falling after widening fourth quarter losses by a wide margin on Friday prompting a downgrade.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocksplunged 11 points to 400.