On the upside
Indications that Ugg boots remain popular lifted shares of Deckers Outdoor (Nasdaq: DECK).
Herbalife (NYSE: HLF) extended its gains after announcing that it hired strategic advisor Moelis & Co. and law firm Boies, Schiller & Flexer to fight pyramid scheme allegations.
On the downside
Marvell Technology (Nasdaq: MRVL) continued falling following a jury verdict against the chip maker. Investors locked in profits on Suntech Power (NYSE: STP) whose stock price rose yesterday on China's urbanization plans.
The Wall Street Journal included troubled department store operator J. C. Penney (NYSE: JCP) on its 2013 do-or-die list.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index lost 9 points to 1410.