On the upside
Rite Aid (NYSE: RAD) reported a 0.6% increase in same store sales for May as pharmacy sales rose.
ArvinMeritor (NYSE: ARM) regained compliance with the NYSE's continued listing standards.
Cowen Group (Nasdaq: COWN) announced an all stock merger agreement with privately held Ramius LLC.
On the downside
A federal judged ruled against Odyssey Marine Exploration (Nasdaq: OMEX) and recommeded that the shipwreck exploration company return $500 million worth of treasure found on a sunken Spanish warship to the Spanish government.The Food and Drug Administration requested another clinical study of ViroPharma's (Nasdaq: VPHM) hereditary angioedema drug Cinryze.
May same store sales for Nordstrom (NYSE: JWN) plunged by a greater than expected 13.1%.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 531.
