On the upside
Rosetta Stone (NYSE: RST) sued Google (Nasdaq: GOOG) for letting advertisers use the former's trademarks in text ads.
An analyst upgraded Dell (Nasdaq: DELL).
Shares of Rigel Pharmaceuticals (Nasdaq: RIGL) extended yesterday's rally following a promising report on its rheumatoid arthritis drug candidate.
Kennametal (NYSE: KMT) offered 6.5 million new shares to pay down debt. The company makes highway construction equipment.
On the downside
Shares of PriceSmart (Nasdaq: PSMT) fell after the bulk retail goods chain in Central America posted higher revenues and lower earnings.
Investors worried that the federal government may not guarantee CIT Group's bond offering (NYSE: CIT).
Construction and engineering company Shaw Group (NYSE: SGR) posted lower profits as revenues remained flat.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE, but were narrowly edged out on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a fraction to 479.
