On the upside
Stifel Nicolaus analyst Greg Mason upgraded MCG Capital (Nasdaq: MCGC) saying that the company should be able to reinstate its dividend soon.
Robert W. Baird analyst David Leiker upgraded Modine Manufacturing (NYSE: MOD) saying that the stock price has the potential to quadruple.
Piper Jaffray said that market conditions are improving for Moody's (NYSE: MCO) and expects third quarter earnings to rise.
On the downside
Optimus will invest $10 million in VeriChip (Nasdaq: CHIP).
pSivida (Nasdaq: PSDV) reported upbeat interim results from its Phase III clinical study of its chronic back of the eye disease treatment but the stock price fell.
Dell (Nasdaq: DELL) appointed Adobe chief executive Shantanu Narayen to its board to replace the departing Sallie Krawcheck.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 the NYSE and and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 613.