On the upside
Shares of Nokia (NYSE: NOK) continued rising after reporting stronger than expected Lumia sales.
Unwired Planet (Nasdaq: UPIP) will acquire 2,185 patents from Ericsson (NYSE: ERIC) prompting an analyst upgrade.
On the downside
Profit taking sank shares of NewLead Holdings (Nasdaq: NEWL). Bazaarvoice (Nasdaq: BV) will fight the Justice Department's antitrust suit that was filed yesterday but the stock price continued falling.
Piper Jaffray downgraded Aeropostale (NYSE: ARO) to a Neutral rating while Imperial Capital cut its price target on the retailer from $18 to $15.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1471.