On the upside
AuthenTec (Nasdaq: AUTH) announced plans to expand its Shanghai operations.
Citadel Investment Group cancelled plans to sell as much as 120 million common shares of E-Trade (Nasdaq: ETFC).
Shares of Trubion Pharmaceuticals (Nasdaq: TRBN) continued climbing after announcing last week that it licensed its chronic lymphocytic leukemia treatment TRU-016 to Facet Biotech for $196.5 million.
On the downside
Tower Semiconductor (Nasdaq: TSEM) was chosen by TAEJIN Technology to provide low power, high efficiency voltage regulators but the stock price dropped.
Shares of Echelon (NYSE: ELON) retreated after surging last week on news that the largest utility in Finland will be using its Networked Energy Services system in its new advanced metering infrastructure.
Ford (NYSE: F) announced a new diesel engine for its F-Series Super Duty Truck.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 10 points to 569.
