On the upside
Central European Media Enterprises (Nasdaq: CETV) will sell its Studio 1+1 and Kino channels in the Ukraine to Harley Trading Limited for $300 million.
Axcelis Technologies (Nasdaq: ACLS) announced orders from Asian and European clients for its Optima HDx high current implanter.
Fourth quarter earnings for State Street (NYSE: STT) nearly doubled to top estimates even as revenue slipped.
On the downside
Neutral Tandem (Nasdaq: TNDM) affirmed its full year outlook but the stock price fell.
Silver Standard Resources (Nasdaq: SSRI) president and chief executive Robert A. Quartermain resigned effective January 19, 2010. Director A. E. Michael Anglin was named interim president and chief executive.
Shares of hospital operator Community Health Systems (NYSE: CYH) dropped after Republican Scott Brown won the Massachusetts Senate seat, signalling the end of health care reform.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks tumbled 9 points to 639.
