On the upside
Kimberly-Clark (NYSE: KMB) offered $276 million in cash to buy medical devices company I-Flow Corp. (Nasdaq: IFLO).
Shares of NCR (NYSE: NCR) rebounded after yesterday's sell-off when its CFO resigned.
Shares of Scientific Learning (Nasdaq: SCIL) surged after the for-profit school released preliminary revenue and profit forecasts that topped expectations.
On the downside
PepsiCo (NYSE: PEP) posted higher quarterly profits, but revenues for the soft drink and snack maker slipped.
An analyst upgraded Marriott (NYSE: MAR) which wrote down a sizable quarterly charge from timeshares, but profits from operations were better than expected. Investors sold on the news.
The FDA did not approve a colon cancer drug treatment developed by Spectrum Pharmaceuticals (Nasdaq: SPPI).
In the broad market, advancing issues were even with decliners on the NYSE and outpaced decliners by a margin of nearly 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 609.
