On the upside
Lazard Capital Markets upgraded SonicWALL (Nasdaq: SNWL).
KeyBanc analyst Steve Barger upgraded Oshkosh (NYSE: OSK) after the company landed a $1.06 billion Pentagon contract.
On the downside
Several class action lawsuits related to Matrixx's (Nasdaq: MTXX) withdrawn cold medication Zicam were filed against the company.
Shares of CIT Group (NYSE: CIT) fell after Kainos Partners, which operates 56 Dunkin' Donuts franchises, filed for bankruptcy. Kainos owes CIT approximately $25 million.
Falling drybulk shipping rates weighed down shares of DryShips (Nasdaq: DRYS).
Deutsche Securities upgraded Freeport-McMoRan (NYSE: FCX) but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 494.
