On the upside
Private equity firm Blackstone Group (NYSE: BX) announced plans to list up to eight of its portfolio companies for initial public offerings.
An analyst upgraded Advanced Micro Devices (NYSE: AMD).
Black & Decker (NYSE: BDK) raised its 3rd quarter profit outlook due to stronger sales.
On the downside
Digital River (Nasdaq: DRIV), which provide online sales provider, lost its largest customer Symantec (Nasdaq: SYMC) which decided to take sales operations inhouse.
Depomed (Nasdaq: DEPO) announced disappointing late stage results for its hot flash drug candidate.
The SEC opened another accounting inquiry into KB Home (NYSE: KBH). There were no additional comments by the SEC or the company.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The S&P 500 rose 2 points to 1073.
