On the upside
PowerSecure International (Nasdaq: POWR) reversed year ago losses to post a profit that topped analyst estimates as revenue surged.
US Airways Group (NYSE: LCC) announced a 10% discount on fares to nine European cities for trips that are booked online with a MasterCard.
After placing Continental Airlines (NYSE: CAL) on review in May, Standard & Poor's Ratings Services maintained its long-term and short-term credit rating for the airliner.
On the downside
Guidance Software (Nasdaq: GUID) widened second quarter losses and lowered its full year guidance due to disappointing sales.
SandRidged Energy (NYSE: SD) swung to a loss for the second quarter as expenses surged.
Fannie Mae (NYSE: FNM) disappointed with a second quarter loss that was three times the expected loss. The company cut its dividend and announced higher mortgage fees.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 21 points to 734.
