On the upside
Shares of China Real Estate (Nasdaq: CRIC) surged on its first day of trading.
Estee Lauder (NYSE: EL) expects first quarter earnings to be much higher than originally anticipated.
Third quarter earnings for Cytec Industries (NYSE: CYT) topped estimates prompting the specialty chemicals maker to boost its full year guidance.
On the downside
Palomar Medical Technologies (Nasdaq: PMTI) and Johnson & Johnson (NYSE: JNJ) terminated their agreement to develop, test and market an over-the-counter wrinkle treatment for home use.
Sensient Technologies (NYSE: SHAW) reported lower third quarter earnings and cut its full year outlook.
While third quarter earnings for Valmont (NYSE: VMI) surpassed analyst expectations, the company forecast lower sales in the fourth quarter.
In the broad market, declining issues edged out advancers by a margin of more than 2 to 1 on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 617.
