On the upside
Fourth quarter earnings for Citi Trends (Nasdaq: CTRN) surged to top estimates prompting an upgrade. Separately, the clothing company announced the retirement of chief executive Ed Anderson on April 4.
Shares of solar stocks JA Solar (Nasdaq: JASO), Yingli Green Energy (NYSE: YGE) and Suntech Power (NYSE: STP) all surged after the Chinese government expressed support for solar energy.
Although third quarter earnings for Texas Industries (NYSE: TXI) fell, the results topped analyst estimates as the cement company cut costs.
On the downside
Yahoo (Nasdaq: YHOO) will shutter its bargain travel site FareChaser in order to reduce costs and streamline processes.
U. S. Bank (NYSE: USB) oaned $28 million to privately held St. Louis barge operator Robert B. Miller & Associates.
Neurocrine (Nasdaq: NBIX) reported that its endometriosis treatment elagolix failed a phase II clinical trial.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks added 10 points to 437.
