On the upside
BioCryst Pharmaceuticals (Nasdaq: BCRX) reported promising results from its experimental flu treatment peramivir.
Webster Financial (NYSE: WBS) swung to a profit for the second quarter as deposits increased.
Wedbush Morgan upgraded CDC (Nasdaq: CHINA).
On the downside
Associated Banc-Corp (Nasdaq: ASBC) blamed higher loan loss provisions for swinging to a second quarter loss.
Wave Systems (Nasdaq: WAVX) will raise over $3 million through an offering of common shares.
Wilmington Trust (NYSE: WL) warned that second quarter earnings will drop to fall short of expectations as loan loss provisions climb.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 3 points to 518.
