On the upside
Bargain hunters lifted shares of MBIA (NYSE: MBI).
ZaZa Energy (Nasdaq: ZAZA) will sell its French assets to Vermilion Energy for approximately $85.8 million. On the downside
Standard & Poor's Ratings downgraded Goodrich Petroleum's (NYSE: GDP) corporate credit rating to a B- rating from B citing lower oil production.
AK Steel (NYSE: AKS) continued falling after warning yesterday that fourth quarter losses would be greater than expected.
Analysts questioned results from a late stage clinical trial of the opiod constipation treatment naloxegol that was jointly developed by Nektar Therapeutics (Nasdaq: NKTR) and AstraZeneca (NYSE: AZN).
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 780.