On the upside
Boeing (NYSE: BA) announced that its long awaited 787 aircraft will be ready by the end of this year. The stock bucked the selling trend.
A Citigroup analyst initiated coverage of Williams Sonoma (NYSE: WSM) with a buy recommendation.
An analyst upgraded Guess (NYSE: GES) on hopes that the clothing retailer generate strong 3rd quarter results.
On the downside
Toll Brothers (NYSE: TOL) posted lower 3rd quarter revenues and lost $472 million as the luxury home market remained soft. Tax charges and write-downs reversed a small quarterly profit.
An analyst downgraded Jackson Hewitt Tax Service (NYSE: JTX) whose appearance in Wal-mart (NYSE: WMT) generated mild returns.
Chip maker Sigma Designs (Nasdaq: SIGM) posted lower revenues and profits that met expectations. However, the company's outlook led to an analyst downgrade.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks lost 7 points to 576.
