On the upside
Advanced Micro Devices (NYSE: AMD) widened fourth quarter losses as revenue fell but the results were better than expected.
Cree (Nasdaq: CREE) reported higher second quarter earnings and revenue and forecast current quarter results above estimates.
On the downside
Coach (NYSE: COH) reported higher second quarter earnings and revenue but the results missed analyst expectations. Molycorp (NYSE: MCP) warned of that revenue for the first half of 2013 would fall far short of its previous forecast and announced plans to sell $200 million worth of common shares and $100 million in convertible senior notes.
BMO Capital Markets downgraded IAMGOLD (NYSE: IAG) to a Market Perform rating.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on both the NYSE and on Nasdaq. The broader S&P 500 index eased a point to 1491.