On the upside
Electro-Optical Sciences (Nasdaq: MELA) reported positive trial results for its test for detecting skin cancer.UBS upgraded MEMC Electronic Materials (NYSE: WFR).
Fourth quarter as well as full year earnings rose for TreeHouse Foods (NYSE: THS) as sales increased.
On the downside
Cantor Fitzgerald downgraded Eagle Bulk Shipping (Nasdaq: EGLE).Geron (Nasdaq: GERN) will raise $43 million through the sale of 7.25 million shares of common stock at a discounted price.
Lloyds Banking Group (NYSE: LYG) warned that its HBOS subsidiary will record a huge $14.4 billion loss for the year.
In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 451.
