On the upside
The European Medicines Agency will meet with Cell Therapeutics (Nasdaq: CTIC) in September, 2009 to discuss the company's Marketing Authorization Application for its lung cancer treatment OPAXIO.
Credit Suisse upgraded KB Home (NYSE: KBH) citing valuation and improving order trends.
Shares of Las Vegas Sands (NYSE: LVS) rose after the Nevada Gaming Control Board reported a smaller than expected drop in gaming revenue for May. The casino operator also affirmed the opening of its Singapore resort in early 2010.
On the downside
Verigy (Nasdaq: VRGY) will offer $110 million of convertible senior notes.
Saks (NYSE: SKS) disappointed with a 4.4% drop in same store sales for June.
Citigroup analyst Joshua Shanker issued a client note saying that American International Group (NYSE: AIG) stock may drop to zero due to additional credit default swap losses.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 482.
