On the upside
Navisite (Nasdaq: NAVI) settled an arbitration dispute with La Touraine.
JMP Securities initiated coverage of Symantec (Nasdaq: SYMC) with a Market Outperform rating.
On the downside
Fifth Third Bancorp (Nasdaq: FITB) completed the sale of its 51 percent ownership in Fifth Third Processing Solutions to Advent International.
Bank of America (NYSE: BAC) will pay $713 million in dividends to the government under the Troubled Asset Relief Program.
Wells Fargo (NYSE: WFC) said that it will accept IOUs issued by the state of California while the state legislature continues negotiations to resolve the budget deficit.
Retreating oil prices weighed down shares of Exxon Mobil (NYSE: XOM).
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by 5 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks sank 20 points to 497.
