On the upside
Boeing (NYSE: BA) posted slightly higher revenues and 2nd quarter profits versus year-ago results which were weighed down by one-time charges.
Pfizer (NYSE: PFE) reported lower revenues and 2nd quarter profits due to a strong dollar reducing overseas results.
Onyx Pharmaceuticals (Nasdaq: ONXX) reported positive results for its drug candidate that treats patients with advanced breast cancer.
On the downside
Shares of Wells Fargo (NYSE: WFC) fell after the banking giant posted higher profits, but potential real estate losses nagged investors.
Morgan Stanley (NYSE: MS) reported a loss despite strong trading volume and fixed income sales.
Shares of Advanced Micro Devices (NYSE: AMD) lost ground after the chip maker posted a narrowing loss that missed expectations.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE, but were narrowly edged out on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 523.
