On the upside
Brigham Exploration (Nasdaq: BEXP) announced that its Strobeck 27-34 #1H Three Forks well produced 2,021 barrels of oil equivalent during its early 24 hour flow back period.
Bank of America upgraded Alcatel-Lucent (NYSE: ALU).
Northland Securities initiated coverage of MGIC Investment (NYSE: MTG) with an Outperform rating.
On the downside
J. B. Hunt (Nasdaq: JBHT) disappointed with sharply lower second quarter earnings as revenue tumbled.
OXiGENE (Nasdaq: OXGN) will raise $10 million through a registered direct offering.
UCBH (Nasdaq: UCBH) announced that it will suspend dividends on both its common stock as well as preferred shares and will also defer interest payments on notes prompting a downgrade.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by a margin of more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 510.