The markets closed modestly lower with the Dow slipping 8 points to 10,442 despite China's currency plan as the euro fell. Nasdaq dropped 20 points to 2289.
On the upside
United Microelectronics (NYSE: UMC) partnered with Elpida Memory and Powertech Technology to develop 3D IC integration technologies for advanced processes.
Domtar's (NYSE: UFS) tender offer for certain notes expired on Friday, June 18.
Barron's wrote on Sunday that MELA Sciences' (Nasdaq: MELA) stock will surge if the Food and Drug Administration approves experimental skin cancer detection device.
On the downside
Jamba Juice (Nasdaq: JMBA) launched its line of branded apparel in select stores.
Analysts warned that increasing production costs will hurt AnnTaylor's (NYSE: ANN) margins.
Shares of Pacific Capital (Nasdaq: PCBC) continued to fall after regulators informed the bank of Friday that it must increase its capital.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 660.
