On the upside
Shares of Antigenics (Nasdaq: AGEN) surged ahead of its earnings release on Thursday.
While Masco (NYSE: MAS) reported sharply lower second quarter earnings due to charges, the results beat expectations and the company increased its sales expectations.
Textron (NYSE: TXT) posted a second quarter loss that was narrower than expected and said that the jet market is expected to improve.
On the downside
Wedbush Morgan analyst J. Derrick Wood downgraded CDC (Nasdaq: CHINA) citing recent gains in its stock price as well as slow growth of its online games.
Olin (NYSE: OLN) disappointed with lower second quarter earnings and revenue.
Trident Microsystems (NYSE: TRID) widened fourth quarter losses as revenue plunged.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 551.
