On the upside
Kandi Technologies' (Nasdaq: KNDI) electric powered vehicle meets requirements for purchasers to receive tax credits.
Harris (NYSE: HRS) landed an Army contract valued at approximately $419 million to provide field radios and vehicle power-amplifier adapter systems.
Although sales slipped for Tempur-Pedic International (NYSE: TPX), earnings rose prompting KeyBanc Capital Markets analyst Bradley M. Thomas to lift his price target for the mattress maker.
On the downside
CryptoLogic (Nasdaq: CRYP) warned of losses for the third quarter due to low daily wagering volume.
Hutchinson Technology (Nasdaq: HTCH) appointed new directors to its board.
GSC Investment (NYSE: GNV) widened second quarter losses.
In the broad market, declining issues edged out advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 616.
