On the upside
American Axle & Manufacturing (NYSE: AXL) narrowed second quarter losses and warned that it may still file for bankruptcy.
Shares of Triad Guaranty (Nasdaq: TGIC) rose ahead of its earnings release after market close on Friday.
CBL & Associates (NYSE: CBL) reported higher funds from operations for the second quarter.
On the downside
Idenix Pharmaceuticals (Nasdaq: IDIX) priced its offering of nearly 7.25 million common shares at $3.14 per share.
Ameristar Casinos (Nasdaq: ASCA) reported lower second quarter earnings that fell short of expectations.
Second quarter earnings plummeted for Baker Hughes (NYSE: BHI) as revenue dropped.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 565.
