On the upside
FTI Consulting (NYSE: FCN) reported higher fourth quarter income that topped analyst estimates as revenue rose and expects higher 2009 revenue.
Argus upgraded Dell (Nasdaq: DELL).
On the downside
American Capital (Nasdaq: ACAS) widened fourth quarter losses by a wide margin.
HSBC Holdings (NYSE: HBC) reported a 70% drop in annual profits, cut its dividend and announced plans to raise $18 billion through the sale of discounted shares.
Conseco (NYSE: CNO) widened fourth quarter losses and delayed the filing of its annual report.
Robert W. Baird downgraded Woodward Governor (Nasdaq: WGOV) after the company lowered its 2009 guidance.
In the broad market, declining issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 3 points to 386.
