On the upside
Pandora Media (NYSE: P) introduced a trial service in Australia and New Zealand.
Fastenal (Nasdaq: FAST) reported higher second quarter earnings but revenue fell short of expectations.
On the downside
Cal Dive (NYSE: DVR) warned that second quarter earnings would miss analyst estimates.
Shares of Safeway (NYSE: SWY) dropped after rival Supervalu (NYSE: SVU) reported sharply lower earnings that missed estimates by a wide margin.
Calix (NYSE: CALX) blamed slowing demand for cutting its outlook for the second quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 787.