On the upside
Cognizant (Nasdaq: CTSH) reported higher second quarter earnings and revenue that topped analyst estimates and raised its full year forecast.
Trailer Investments invested $35 million in Wabash National (NYSE: WNC).
United Airlines parent UAL (Nasdaq: UAUA) reported lower traffic in July but the drop was narrower than the previous month and occupancy rate rose from a year ago.
On the downside
Atmel (Nasdaq: ATML) blamed restructuring charges for more than doubling second quarter losses.
UBS (NYSE: UBS) widened second quarter losses due to charges and withdrawals.
Phoenix Cos. (NYSE: PNX) reported an unexpected loss for the second quarter as tax valuation allowances and severance charges climbed.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 571.